Below you will find pages that utilize the taxonomy term “BNY”
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Ripple Signs Robinhood, BNY and C2FO in One Day as RLUSD Moves Into Brokerage, Custody and Trade Finance
Ripple used its Swell conference in New York on Tuesday to announce three partnerships at once. A retail broker, a custody bank and a trade finance platform. Each one puts RLUSD, Ripple’s dollar stablecoin, somewhere it wasn’t before.
The day before, Ripple got final approval from the OCC to set up a national trust bank. That bank will hold RLUSD’s reserves and offer digital asset custody, while issuing the stablecoin stays with Ripple’s New York-regulated company. The timing wasn’t an accident.