BNY Mellon stock broadens XRP custody through Ripple partnership

BNY and Ripple expanded their institutional digital-asset collaboration on October 27, adding XRP and RLUSD to BNY's Digital Asset Custody platform. Morningstar, carrying a Business Wire release, reported that eligible institutional clients can safeguard, hold and transfer the two assets through BNY's platform.

Custody expansion reaches XRP

BNY already serves as Ripple's primary reserve custodian for RLUSD and has a custody relationship with Ripple Prime. The expanded arrangement adds XRP, the native asset of the XRP Ledger, to the bank's custody offering.

The announcement does not disclose client volumes, custody balances or revenue from XRP services. For investors, the immediate significance is the potential to add digital-asset custody, settlement and servicing activity to BNY's established capital-markets infrastructure.

Trade finance remains exploratory

BNY intends to broaden support for tokenized assets and investment products issued on the XRP Ledger. It is also working with Ripple on a service that would allow clients to mint and redeem RLUSD directly through BNY.

Ripple and BNY are exploring tokenized trade finance with C2FO. The initial concept would represent approved receivables digitally and seek to broaden investor access to supply-chain financing, subject to client requirements.

BNY's platform oversaw 63.4 trillion US dollars in assets under custody and administration and 2.2 trillion US dollars in assets under management as of September 30, according to the release. That scale provides the infrastructure backdrop for the partnership, while future earnings relevance depends on client adoption and execution.

BNY Mellon stock traded at 132.50 euros on Lang & Schwarz at 16:31 CET on Monday, November 2, 2026.

Compared with the 134.50-euro quote in the October 29 report, the latest quote showed a 1.49 percent change. The real-time quote of BNY Mellon stock remains a reference point as the custody and trade-finance initiatives develop.

Market sentiment for BNY is also shaped by the S&P 500.

More news and analyses on BNY Mellon stock will track client adoption, RLUSD functionality and progress on the C2FO initiative.