Ripple and BNY Mellon Partner to Secure RLUSD Stablecoin Reserves
In a significant development for digital assets, Ripple has partnered with BNY Mellon, a global leader in asset custody, to manage dollar reserves for its institutional-grade stablecoin, RLUSD. This collaboration strengthens connections between traditional finance and cryptocurrency markets.
Partnership Details
- BNY Mellon will serve as primary custodian for RLUSD reserve assets
- The bank will provide transaction banking services for RLUSD operations
- Joint liquidity management for the stablecoin’s collateral reserves
Market Performance
RLUSD has demonstrated strong growth since its December 2024 launch, with market capitalization surpassing $500 million – a 61% increase since June 2025.
Regulatory Progress
Ripple continues advancing its regulatory strategy, pursuing both a national banking charter and Federal Reserve master account to further integrate RLUSD into mainstream finance.
Industry Perspective
“Our partnership with BNY Mellon reflects shared commitment to financial innovation,” said Jack McDonald, head of stablecoin initiatives at Ripple.
