Ripple Selects BNY to Custody Ripple Reserves, Paving the Way for Digital Asset Adoption

Ripple, a US-based digital asset infrastructure provider, has partnered with The Bank of New York Mellon Corp. (NYSE: BK) to custody its Ripple (RL) reserves. The joint effort aims to bridge the gap between traditional finance and the crypto ecosystem, enabling institutional-scale digital asset adoption. Ripple's RL is a trusted, enterprise-grade stablecoin designed with regulatory compliance, utility, and transparency in mind, serving as a critical step in the digital asset economy's development.

Key Takeaways:

• Ripple has selected The Bank of New York Mellon Corp. (NYSE: BK) as the primary reserve custodian for its Ripple (RL) reserves, marking a significant step in digital asset infrastructure development.
• BNY will leverage its technology stack and expertise to enable the digital assets ecosystem, providing transaction banking services to underpin RL's operations.
• This partnership paves the way for digital asset adoption at institutional scale, bridging the gap between traditional finance and the crypto ecosystem.
• Ripple's RL is a trusted, enterprise-grade stablecoin, designed with regulatory compliance, utility, and transparency at its core, and is issued under a New York Department of Financial Services (NYDFS) Trust company Charter.
• BNY's proven track record of providing end-to-end services across stablecoin infrastructure and its efforts for future interoperability between stablecoins and traditional assets further enhance the partnership's value.

Statistics:

• As of March 31, 2025, BNY oversees USD 53.1tn in assets under custody and/or administration and USD2.0 trillion in assets under management.
• BNY has been named among Fortune's World's Most Admired Companies and Fast company's Best Workplaces for Innovators.
• Ripple is the provider of digital asset infrastructure for financial institutions, delivering simple, compliant, reliable software for global finance.
• The partnership builds upon BNY's proven track record of providing end-to-end services across stablecoin infrastructure.

Sources:

• M2 EQUITYBITES-July 10, 2025-Digital Asset Infrastructure Firm Ripple Selects BNY to Custody Ripple Reserves (C)2025 M2 COMMUNICATIONS
• The Bank of New York Mellon Corp. website and press releases.