Bank New York Mellon and Ripple want to anchor the RLUSD in traditional finance
- Ripple cooperates with BNY Mellon to introduce the RLUSD under the strict supervision of the NYDFs and thus closes gaps in the digital currency range for companies.
- The RLUSD is fully secured with dollars and has tested reserves and compliance functions that are lacking most of the other stable coins.
Ripple selected BNY Mellon as the main driver of RLUSD, the new StableCoin for companies. At that time quit Ripple anthat RLUSD would start on July 1, 2025 under the New York Department of Financial Services (NYDFS) Trust Company Charter, as one of just a handful of stable coins that are licensed under this regulation.
The partnership will satisfy the growing demand for regulated, benefit -oriented digital currencies.
Ripple has selected @BNYglobal as the primary reserves custodian for $ Rlusdan enterprise-grade stablecoin built for real-world utility, supported by one of the largest and most trusted financial services companies in the world. https://t.co/T2ZWkvb9cL
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— Ripple (@Ripple) July 9, 2025
Ripple explains that the stable coin is designed in such a way that it fulfills the expectations of institutional users by combining compliance with regulations with a transparent reserve management. RLUSD is 1: 1 covered by US dollars, which are kept in high-quality liquid assets. Ripple guarantees users and supervisory authorities the separation of assets, regular audits by third parties and right of return.
By choosing Bny Mellon, Ripple combines his digital product with one of the oldest and most established financial institutions in America. The step shows the endeavor of ripple, blockchain-based tools to reconcile with the traditional financial infrastructure. The bank, which is noted on the NYSE under the Ticker symbol BK, will take over the custody of the RLUSD reserves and support the associated transaction services.
With the introduction of the RLUSD, Ripple aims to use the commercial use
Ripple explained that RLUSD was specially developed for companies and not for private customers. The company said it aims to reduce the costs and increase the speed of cross -border payments. Jack McDonald, SVP from StableCoins at Ripple, said:
“Ripple USD closes a critical gap in the market as a stable coin that was developed for financial applications in companies and is to meet the strict standards of leading financial institutions.”
The model differs from consumer -oriented stablecoins by offering systems that manage compliance with financial regulations and support company scaling in corporate environments. By embedding RLUSD in traditional bank structures, Ripple wants to expand its presence at large financial companies and adapt to digital change.
Bny Mellon is not only responsible for custody. Ripple will also use the bank’s transaction bank services to support its wider operating model. This includes liquidity management and institutional handling processes that Ripple considers essential for corporate applications.
BNY Mellon supports RLUSD as an institutional solution for digital assets
“As the main oversure of RLUSD, we are proud to support the growth of digital assets by providing a differentiated platform that is tailored to the developing needs of institutions in the ecosystem of digital assets,” emphasized Emily Porrey, Global Head of Asset Servicing at BNY MELLON “
Her statements reflect Bny Mellon’s strategy to provide regulated digital assets for companies. Bny Mellon had previously expressed his interest in beating a practical bridge between digital and traditional finance. This should be done by stable coin solutions and asset holding structures.
Ripple explains that RLUSD was developed from scratch, taking into account transparency and compliance. Compared to tokens that operate under minimal supervision, RLUSD includes fixed reserve requirements and financial records prepared for the exam. Ripple assumes that RLUSD will be a trustworthy means of payment for institutions that carry out mass transfers.
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