🏦 Ripple chooses BNY Mellon for RLUSD custody – a $43 trillion asset custodian
• Ripple announced the selection of BNY Mellon – the largest asset custodian in the world – as the primary custodian for RLUSD assets.
• The move aims to enhance institutional investor confidence in preparation for a potential ETF launch.
• This comes amidst RLUSD's plans to enter derivatives markets and 24/7 trading.
📌 Analysis: Collaboration with BNY adds tremendous institutional legitimacy to Ripple, bringing it closer to the traditional finance ecosystem.
#Ripple #BNYMellon #RLUSD #XRP #Tokenization #CryptoCustody