BNY Mellon Expands XRP Ledger Integration for Trade Finance
Ripple's partnership with BNY Mellon advances institutional adoption of XRP and RLUSD on the XRP Ledger for trade finance solutions.
Ripple's partnership with BNY Mellon advances institutional adoption of XRP and RLUSD on the XRP Ledger for trade finance solutions. XRP (XRP) is trading at $1.32. This is an original TLT brief synthesising 2 outlets (U.Today, Crypto.news), plus live market data, as of Tue, 27 Oct 2026 16:00:06 UTC.
This development marks a significant step in institutional adoption of blockchain technology for trade finance, leveraging the XRP Ledger's capabilities and stablecoin integration to potentially streamline global transactions.
- BNY Mellon expands XRP and RLUSD custody services with Ripple.
- Partnership aims to develop faster trade finance settlement using XRP Ledger.
- RLUSD stablecoin has a $2.61B circulating supply [DeFiLlama].
Multiple outlets, including U.Today and Crypto.news, report that Ripple has expanded its partnership with BNY Mellon to include institutional custody support for XRP and RLUSD on the XRP Ledger. They also agree on the collaboration with C2FO to develop faster trade finance settlement solutions using the XRP Ledger and stablecoins. However, U.Today emphasizes the institutional custody aspect, while Crypto.news focuses more on the trade finance settlement partnership with C2FO.
- XRP Ledger Validator Envisions Blockchain's Transformative Role in Finance
- BNY Mellon Expands XRP Ledger Integration for Trade Finance — this brief
Ripple has announced an expansion of its partnership with BNY Mellon, one of the world's largest custodial banks, to integrate 
XRP and RLUSD on the XRP Ledger for institutional use. This development aims to leverage the XRP Ledger's capabilities for trade finance solutions, potentially streamlining global transactions.
In addition to the expanded partnership with BNY Mellon, Ripple is collaborating with C2FO to develop faster trade finance settlement using the XRP Ledger and stablecoins. This partnership underscores the growing interest in blockchain technology for improving the efficiency of trade finance processes.
The XRP Ledger's integration with BNY Mellon's custodial services and the use of RLUSD stablecoin are significant steps towards institutional adoption of blockchain technology. The RLUSD stablecoin, which has a circulating supply of $2.61 billion according to DeFiLlama, plays a crucial role in this initiative by providing a stable medium of exchange for transactions on the XRP Ledger.
This announcement comes as the broader cryptocurrency market remains relatively stable, with a total market cap of $2.76 trillion. XRP, the native token of the XRP Ledger, has seen a modest increase of 1.44% in the last 24 hours, trading at $1.32 with a market cap of $83.5 billion. RLUSD, Ripple's stablecoin, is also holding steady at $1 with a market cap of $2.58 billion.
The collaboration between Ripple and BNY Mellon highlights the increasing acceptance of cryptocurrencies and blockchain technology by traditional financial institutions. As the partnership develops, it will be important to monitor the implementation of trade finance solutions on the XRP Ledger and the impact on transaction efficiency and cost.
Since this brief published about 2 hours ago, XRP (XRP) has moved from $1.32 to $1.32 — +0.00%.
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 ≈ ₦1,832.13 (about $1.32), up 1.7% over 24 hours. The naira itself trades about 2.1% 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 27, 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 Expands XRP Ledger Integration for Trade Finance — questions & answers
What is the RLUSD stablecoin's circulating supply?
The RLUSD stablecoin has a circulating supply of $2.61 billion [DeFiLlama].
How will the XRP Ledger be used in trade finance?
The XRP Ledger will be used to develop faster trade finance settlement solutions in partnership with C2FO.
What is BNY Mellon's role in the partnership with Ripple?
BNY Mellon is expanding its custodial services to include XRP and RLUSD on the XRP Ledger.
How much is 1 XRP worth in naira today?
About ₦1,832.13 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.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from U.Today, Crypto.news, 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 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.