Ripple Selects BNY Mellon as Primary Custodian for RLUSD Reserves
2025-07-09 12:53:44
Main Idea
Ripple has selected BNY Mellon as the primary custodian for its enterprise-grade stablecoin RLUSD, enhancing institutional trust and bridging traditional finance with digital assets.
Key Points
1. Ripple appointed BNY Mellon as the primary custodian for RLUSD reserves, leveraging the bank's expertise in digital asset infrastructure.
2. RLUSD is designed for institutional-scale use, issued under a NYDFS Trust Company Charter to meet financial institutions' operational and risk requirements.
3. BNY Mellon's involvement strengthens RLUSD's credibility, with the bank providing proven custody infrastructure and stablecoin servicing.
4. Switzerland-based AMINA Bank became the first international lender to offer custody and trading services for RLUSD, with plans to expand related services.
5. RLUSD has also gained regulatory approval from Dubai’s financial regulator, indicating broader adoption and regulatory compliance.
Description
Ripple has appointed the Bank of New York Mellon Corporation (BNY Mellon) as the primary custodian for its enterprise-grade stablecoin, Ripple USD (RLUSD). Ripple has selected @BNYglobal as the primary reserves custodian for $RLUSD , an enterprise-grade stablecoin built for real-world utility, supported by one of the largest and most trusted financial services companies in the world. https://t.co/T2ZWkvb9cL Learn more about our… — Ripple (@Ripple) July 9, 2025 According to Ripple this is a step ...
Latest News
- Bitcoin Spot ETFs See $1.18B in Daily Inflows – Second-Highest Ever2025-07-11 07:04:37
- Ethereum Breaks $3,000 for First Time in 2025 After Long Battle – $4,000 Next?2025-07-11 06:47:01
- Pump.fun Acquires SOL-Based Wallet Tracker Kolscan Ahead of Anticipated Token ICO2025-07-11 05:30:30
- Bitcoin Soars to Fresh Record at $116K, Forecasts Hint at $130K by Fall2025-07-11 04:03:11
- Agora Raises $50M Series A Led by Paradigm to Expand Stablecoin Platform2025-07-11 04:02:00