coin-img-BTCBTC-0.58%coin-img-ETHETH-0.55%coin-img-SOLSOL-0.42%coin-img-USDCUSDC-0.01%coin-img-XRPXRP-2.22%coin-img-HYPEHYPE+13.99%coin-img-SUISUI+0.76%coin-img-NEARNEAR-3.49%coin-img-BTCBTC-0.58%coin-img-ETHETH-0.55%coin-img-SOLSOL-0.42%coin-img-USDCUSDC-0.01%coin-img-XRPXRP-2.22%coin-img-HYPEHYPE+13.99%coin-img-SUISUI+0.76%coin-img-NEARNEAR-3.49%coin-img-BTCBTC-0.58%coin-img-ETHETH-0.55%coin-img-SOLSOL-0.42%coin-img-USDCUSDC-0.01%coin-img-XRPXRP-2.22%coin-img-HYPEHYPE+13.99%coin-img-SUISUI+0.76%coin-img-NEARNEAR-3.49%coin-img-BTCBTC-0.58%coin-img-ETHETH-0.55%coin-img-SOLSOL-0.42%coin-img-USDCUSDC-0.01%coin-img-XRPXRP-2.22%coin-img-HYPEHYPE+13.99%coin-img-SUISUI+0.76%coin-img-NEARNEAR-3.49%
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The Wolf Of All Streets

BNY Supports $XRP and Ripple's Stablecoin $RLUSD on Digital Asset Custody Platform

AI Market Summary
BNY adding XRP and Ripple's RLUSD to its digital asset custody platform gives institutional clients a regulated route to hold both tokens, lending credibility to XRP's legal and compliance standing. Custody support typically precedes allocation by asset managers, so the news modestly improves the institutional demand backdrop for XRP and for RLUSD as a settlement stablecoin, though near-term price impact likely stays limited absent fund launches.
Impact level
● Medium
Affected assets
XRP/USDT-2.09%
AI Insight · XRP/USDTAI Insight
▲ Bullish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
BNY's digital asset custody platform supports XRP. It also supports Ripple's stablecoin RLUSD.
XRP
XRP-2.16%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
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