Key Highlights: BNY clients will be able to stake eligible assets held in custody and earn rewards without transferring them externally. Figment will operate the validators while remaining non-custodial, preserving BNY’s role as asset custodian. The partnership expands BNY’s institutional staking strategy alongside its existing relationship with Galaxy Digital. BNY and Figment Partner to Bring ...
Key Highlights Ripple CEO Brad Garlinghouse clarified that Ripple’s forthcoming stablecoin, RLUSD, and the native digital asset XRP operate in tandem, describing their dynamic as Complementary, not competitive. RLUSD transfers on the XRP Ledger consume XRP through standard network transaction fees and can leverage XRP as a bridge asset for liquidity routing across token markets. ...
Key Highlights Ripple CEO Brad Garlinghouse reaffirmed his support for Treasury Secretary Scott Bessent, citing his ongoing leadership and backing for the CLARITY Act. Ripple Treasury launched its 24/7 Returns product, allowing corporate clients to earn yields on idle balances using assets such as the Ripple USD (RLUSD) stablecoin. Strategic commercial milestones were highlighted, including ...
Key Highlights: Moody’s has assigned Ripple’s dollar-pegged stablecoin, RLUSD, an A2 rating for long-term deposits and a P-1 rating for short-term deposits. The rating reflects RLUSD’s conservative reserve structure, which targets a 103% reserve coverage ratio composed largely of short-term U.S. Treasury bonds and cash. Standard Custody & Trust Company issues the stablecoin on the ...
Key Highlights: Ripple and Robinhood have expanded their partnership to integrate the $RLUSD stablecoin across retail and institutional services, including the main Robinhood app, Robinhood Chain, and Bitstamp. Robinhood will implement Ripple Treasury infrastructure to modernize its global liquidity, cash flow forecasting, payments, and risk management operations. Ripple has broadened alliances with BNY for $XRP ...
Key Highlights: BNY is in talks with Payward, the Wyoming-based parent company of crypto exchange Kraken, over a potential broad partnership. The proposed agreement could cover digital-asset products, custody, wealth management, trading, payments and financial-market infrastructure. Discussions remain ongoing, with no guarantee that BNY and Payward will reach a final agreement. BNY and Payward Discuss ...