<ul data-eligibleForWebStory="false"><li>Ripple partners with BNY Mellon to custody RLUSD reserves for regulatory compliance and institutional trust.</li><li>BNY Mellon appointment aims to facilitate the movement of reserve assets and cash to support RLUSD conversions.</li><li>The collaboration reflects a trend of traditional financial institutions entering the stablecoin space.</li><li>Ripple also applied for a US banking charter and Federal Reserve master account to deepen its role in the US financial system.</li></ul>

BNY Mellon to custody Ripple’s stablecoin reserves

Discover more