BNY Expands Crypto Custody for Ripple’s XRP and RLUSD Stablecoin - The Crypto Times

BNY has expanded its crypto custody offering to include Ripple's XRP and RLUSD stablecoin, according to The Crypto Times. The move extends the bank's digital-asset custody infrastructure beyond the initial set of tokens it has supported, adding two assets tied to Ripple's payments-focused ecosystem.

The development matters because custody is a foundational layer for institutional participation. When a regulated, established custodian adds support for an asset, it can simplify how institutions hold and safekeep that asset within existing compliance frameworks — a practical step that may broaden the pool of participants able to engage with XRP and RLUSD. For RLUSD specifically, custody backing from a major bank is relevant to the stablecoin's institutional positioning, since reserve and safekeeping arrangements are a key consideration for issuers and holders alike.

What to watch: whether other custodians follow with similar additions, how institutional flows into these assets develop over time, and any regulatory guidance shaping how banks treat digital-asset custody. Custody access alone does not guarantee demand, but it removes a structural hurdle — making it a signal worth tracking rather than a conclusion in itself.