BNY Mellon Adds XRP and RLUSD Custody for Institutional Clients
BNY Mellon now offers XRP custody and plans to mint RLUSD directly on the Ripple network.
BNY Mellon now offers XRP custody and plans to mint RLUSD directly on the Ripple network. XRP (XRP) is trading at $1.32, down 0.8% since this brief published. This is an original TLT brief based on reporting by Unchained, with live market data added, as of Wed, 28 Oct 2026 11:15:04 UTC.
This development marks a significant step in institutional adoption of XRP and Ripple's stablecoin, potentially increasing liquidity and trust in these assets.
- BNY Mellon now offers XRP custody services for institutional clients.
- The bank plans to mint RLUSD directly on the Ripple network.
- RLUSD circulating supply is $2.58B, according to DeFiLlama.
- XRP Recovers to $1.35 as Standard Chartered Enters RLUSD Custody Deal
- Standard Chartered Launches RLUSD Custody Service in DIFC
- Moody's Assigns RLUSD A2 Rating, Signaling Institutional Confidence
- BNY Mellon Launches XRP Custody Services for Eligible Clients
- BNY Mellon Adds XRP and RLUSD Custody for Institutional Clients — this brief
BNY Mellon has expanded its cryptocurrency custody services to include 
XRP, the digital asset associated with Ripple, for its institutional clients. This move comes as part of the bank's broader efforts to integrate digital assets into its offerings.
In addition to XRP custody, BNY Mellon is planning to mint RLUSD, Ripple's stablecoin, directly on the Ripple network. This initiative aims to leverage the network's efficiency and speed for stablecoin transactions.
According to DeFiLlama, the circulating supply of RLUSD is currently $2.58 billion, highlighting the stablecoin's growing presence in the market. The XRP price has seen a 24-hour increase of 2.92%, reaching $1.33, while its market cap stands at $84.31 billion.
The broader cryptocurrency market is also experiencing a positive trend, with the total market cap at $2.8 trillion and a Fear & Greed index of 51, indicating a neutral sentiment. 
Bitcoin has risen by 2.36% in the past 24 hours.
This development is significant as it represents a major financial institution's increased involvement in the cryptocurrency space, particularly with XRP and Ripple's stablecoin. It could potentially lead to greater liquidity and institutional trust in these assets.
Since this brief published about 1 hour ago, XRP (XRP) has moved from $1.33 to $1.32 — -0.75%.
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 TLT'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 ≈ ₦1,828.87 (about $1.32), up 1.6% over 24 hours. The naira itself trades about 2.4% above the official rate on the P2P market, so a Nigerian 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.
TLT 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 for Institutional Clie — questions & answers
What services does BNY Mellon now offer for XRP?
BNY Mellon offers XRP custody services for institutional clients.
What is RLUSD and what is BNY Mellon's plan for it?
RLUSD is Ripple's stablecoin, and BNY Mellon plans to mint it directly on the Ripple network.
How much is the circulating supply of RLUSD?
The circulating supply of RLUSD is $2.58 billion, according to DeFiLlama.
How much is 1 XRP worth in naira today?
About ₦1,828.87 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.32. The naira price moves with both XRP's US-dollar price and the USDT/NGN rate; use our XRP in naira page for any amount.
Has XRP's price moved since this brief was published?
XRP is down 0.75% since this brief first published — trading at $1.32 now versus $1.33 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT 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 TLT 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.