BNY Mellon Launches XRP Custody Services for Eligible Clients
BNY Mellon now offers XRP custody, expanding institutional access to the digital asset.
BNY Mellon now offers XRP custody, expanding institutional access to the digital asset. XRP (XRP) is trading at $1.33, down 0.7% since this brief published. This is an original TLT brief based on reporting by CryptoSlate, with live market data added, as of Wed, 28 Oct 2026 05:00:04 UTC.
This development marks a significant step in bridging traditional finance with cryptocurrencies, as BNY Mellon, a major financial institution, provides XRP custody services, potentially increasing institutional adoption and liquidity for the digital asset.
- BNY Mellon now offers XRP custody to eligible clients.
- The service allows for holding XRP without triggering new token purchases.
- XRP price is up 2.94% in the last 24 hours amid broader market gains.
BNY Mellon has announced the launch of 
XRP custody services, enabling eligible clients to hold the digital asset through the financial institution. This move is part of BNY Mellon's broader strategy to integrate cryptocurrencies into its offerings, reflecting the growing acceptance of digital assets in traditional finance.
The custody service is structured to allow clients to hold XRP without triggering additional token purchases through transfers of existing tokens. This approach provides a secure and regulated way for institutional investors to gain exposure to XRP.
The development comes as the total cryptocurrency market cap stands at $2.78 trillion, with 
Bitcoin leading gains at 1.66% over the past 24 hours. The Fear & Greed Index is at 51, indicating a neutral market sentiment.
XRP, the digital asset in focus, is currently priced at $1.34, having risen by 2.94% in the last 24 hours. Its market capitalization is approximately $84.61 billion, making it one of the top cryptocurrencies by market cap.
The introduction of XRP custody by BNY Mellon could potentially attract more institutional investors to the cryptocurrency, increasing its liquidity and market presence. It also underscores the ongoing trend of traditional financial institutions embracing digital assets.
Since this brief published about 1 hour ago, XRP (XRP) has moved from $1.34 to $1.33 — -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 ≈ ₦1,839.4 (about $1.33), up 2.5% over 24 hours. The naira itself trades about 2.2% 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 asset in this story — live, source-stamped, updated every 15 minutes.
BNY Mellon Launches XRP Custody Services for Eligible Client — questions & answers
What is BNY Mellon's new service for XRP?
BNY Mellon now offers XRP custody services, allowing eligible clients to hold the digital asset.
How does BNY Mellon's XRP custody work?
The service enables clients to hold XRP without triggering new token purchases through transfers of existing tokens.
What is the current price of XRP?
XRP is currently priced at $1.34, with a 24-hour increase of 2.94%.
How much is 1 XRP worth in naira today?
About ₦1,839.4 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.33. 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 $1.33 now versus $1.34 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 CryptoSlate. 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.