BNY Mellon Adds XRP and RLUSD Custody Services for Institutional Clients
BNY Mellon has expanded its crypto custody services to include XRP and Ripple's stablecoin RLUSD.
BNY Mellon has expanded its crypto custody services to include XRP and Ripple's stablecoin RLUSD. XRP (XRP) is trading at ₹127 ($1.33). This is an original Token Times brief based on reporting by Unchained, with live market data added, as of Wed, 28 Oct 2026 11:00:01 UTC.
This development marks a significant step in institutional adoption of cryptocurrencies, particularly XRP, and strengthens Ripple's ecosystem by integrating its stablecoin with a major financial institution.
- BNY Mellon now offers XRP custody services to institutional clients.
- The bank also plans to facilitate direct minting of RLUSD in partnership with Ripple.
- RLUSD circulating supply stands at $2.58B, according to DeFiLlama.
- Ripple Enables 24/7 Institutional Stock Trading with RLUSD Collateral
- Standard Chartered Launches RLUSD Custody Service in DIFC
- BNY Mellon Expands XRP Ledger Support with New Financial Services
- BNY Mellon Expands Crypto Services with XRP Custody and Ripple-Powered Trade Finance
- BNY Mellon Adds XRP and RLUSD Custody Services for Institutional Clients — this brief
BNY Mellon has expanded its cryptocurrency custody services to include 
XRP and Ripple's stablecoin RLUSD, according to Unchained. This move is significant as BNY Mellon already holds reserves for Ripple's stablecoin, and the addition of XRP custody further integrates the bank into the Ripple ecosystem.
The bank also plans to facilitate the direct minting of RLUSD, which currently has a circulating supply of $2.58B according to DeFiLlama. This initiative aims to streamline the process of creating and managing the stablecoin, potentially increasing its adoption and use in various financial transactions.
While the XRP Ledger and a C2FO trade finance effort are mentioned as part of broader plans, these initiatives are still in the early stages. The integration of XRP and RLUSD into BNY Mellon's custody platform reflects the growing acceptance of cryptocurrencies by traditional financial institutions.
In the current market context, XRP is trading at $1.33, up 2.92% in the last 24 hours, with a market cap of $84.31B. The overall crypto market is also performing well, with a total market cap of $2.8T and a Fear & Greed index of 51, indicating a neutral sentiment.
The addition of XRP and RLUSD to BNY Mellon's custody services is a notable development in the institutional adoption of cryptocurrencies. It remains to be seen how this will impact the broader adoption of XRP and RLUSD, but it is a positive sign for the integration of cryptocurrencies into traditional financial systems.
Since this brief published about 1 hour ago, XRP (XRP) has moved from ₹126.62$1.33 to ₹126.62$1.33 — +0.00%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₹133.57 (about $1.33), up 2.0% over 24 hours. The rupee itself trades about 5.5% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 28, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
BNY Mellon Adds XRP and RLUSD Custody Services for Instituti — questions & answers
What cryptocurrencies does BNY Mellon now custody?
BNY Mellon now offers custody services for XRP and Ripple's stablecoin RLUSD.
How much is RLUSD's circulating supply?
RLUSD's circulating supply is $2.58B, according to DeFiLlama.
What is the current price of XRP?
XRP is currently trading at $1.33, up 2.92% in the last 24 hours.
How much is 1 XRP worth in rupee today?
About ₹133.57 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $1.33. The rupee price moves with both XRP's US-dollar price and the USDT/INR rate; use our XRP in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Unchained. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.