BNY Mellon Expands Crypto Services with XRP Custody and Ripple-Powered Trade Finance
BNY Mellon's Digital Asset Custody platform now supports XRP and Ripple's stablecoin RLUSD, with plans for tokenized trade finance on the XRP Ledger.
BNY Mellon's Digital Asset Custody platform now supports XRP and Ripple's stablecoin RLUSD, with plans for tokenized trade finance on the XRP Ledger. XRP (XRP) is trading at ₹127 ($1.33), up 0.8% since this brief published. This is an original Token Times brief synthesising 2 outlets (Blockonomi, U.Today), plus live market data, as of Tue, 27 Oct 2026 23:00:01 UTC.
This development marks a significant expansion of institutional crypto services by a major traditional bank, potentially boosting XRP adoption and demonstrating growing institutional interest in blockchain-based trade finance solutions.
- BNY Mellon now offers XRP and RLUSD custody services to institutional clients.
- The bank plans to enable direct minting and redemption of RLUSD in partnership with Ripple.
- BNY and Ripple are exploring a supply chain finance initiative on the XRP Ledger with C2FO.
- RLUSD market cap is $2.6B, according to DeFiLlama.
Blockonomi and U.Today both report that BNY Mellon has expanded its partnership with Ripple to include XRP and RLUSD custody services for institutional clients. They also agree on the exploration of a supply chain finance initiative on the XRP Ledger with C2FO. However, Blockonomi provides the specific detail about RLUSD's market cap being near $2.5 billion, while U.Today does not mention this figure. Additionally, U.Today emphasizes the institutional focus of the custody services, while Blockonomi highlights the technical aspects of minting and redeeming RLUSD through the bank.
- Ripple Expands Digital Asset Services to South Korea via Meritz Securities Partnership
- Ripple Launches Corporate Finance Platform with RLUSD Support
- Ripple Partners with Aviva Investors to Expand Digital Asset Services
- BNY Mellon Expands XRP Ledger Support with New Financial Services
- BNY Mellon Expands Crypto Services with XRP Custody and Ripple-Powered Trade Finance — this brief
BNY Mellon has announced an expansion of its Digital Asset Custody platform to include support for 
XRP and Ripple's stablecoin RLUSD. This move is part of a broader collaboration with Ripple, aimed at providing institutional clients with access to these digital assets.
In addition to custody services, BNY Mellon plans to enable clients to mint and redeem RLUSD directly through the bank. This development is significant as it integrates traditional banking services with blockchain-based stablecoin technology, potentially streamlining processes for institutional users.
Multiple outlets, including Blockonomi and U.Today, report that BNY Mellon and Ripple are exploring a supply chain finance initiative on the XRP Ledger in partnership with C2FO. This initiative could leverage the XRP Ledger's capabilities to facilitate more efficient and transparent trade finance solutions.
The RLUSD stablecoin, which is built on the XRP Ledger, has a circulating supply of $2.6 billion according to DeFiLlama. This figure underscores the growing adoption of Ripple's technology and the increasing demand for stablecoins in the institutional market.
The broader crypto market remains relatively flat, with a total market cap of $2.77 trillion. XRP, the native token of the XRP Ledger, is currently trading at $1.32, up 2.18% in the last 24 hours but down 0.72% over the past week. The Fear & Greed Index stands at 48, indicating a neutral market sentiment.
Since this brief published about 1 hour ago, XRP (XRP) has moved from ₹125.76$1.32 to ₹126.71$1.33 — +0.76%.
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 ≈ ₹137.56 (about $1.33), up 2.8% over 24 hours. The rupee itself trades about 8.6% 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 27, 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 Expands Crypto Services with XRP Custody and Ripp — questions & answers
What new services does BNY Mellon offer for XRP and RLUSD?
BNY Mellon now provides custody services for XRP and RLUSD and plans to enable direct minting and redemption of RLUSD through the bank.
What is the RLUSD market cap?
The RLUSD market cap is $2.6 billion, according to DeFiLlama.
What is the status of BNY Mellon's partnership with Ripple?
BNY Mellon is expanding its partnership with Ripple to include XRP and RLUSD custody and exploring a supply chain finance initiative on the XRP Ledger.
How much is 1 XRP worth in rupee today?
About ₹137.56 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.
Has XRP's price moved since this brief was published?
XRP is up 0.76% since this brief first published — trading at ₹127 ($1.33) now versus ₹126 ($1.32) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Blockonomi, U.Today, with the key figures cross-checked for agreement across them. 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.