BNY Expands Digital Asset Custody With Ripple Support and EU Services

The Bank of New York Mellon Corporation has broadened its Digital Asset Custody platform by supporting XRP and Ripple's RLUSD stablecoin for qualified institutional customers. The expanded arrangement enables clients to safeguard, hold, and transfer these instruments under the bank's administrative controls. Both entities also intend to facilitate direct minting and redemption of RLUSD through BNY, while exploring tokenized trade finance alongside C2FO.

The trade-finance venture with C2FO seeks to digitally represent assets such as invoices on the XRP Ledger. RLUSD currently maintains a market value of 2.5 billion US dollars, while the XRP Ledger has handled over 4.6 billion transactions since its introduction. BNY serves as the primary reserve custodian for RLUSD, though the firms have not established a launch schedule for the exploratory tokenized finance project.

In Europe, BNY is widening regulated digital custody for qualified European Union institutions under the Markets in Crypto-Assets framework. These activities operate through The Bank of New York Mellon SA/NV following its formal addition to the European regulatory registry overseen by the European Securities and Markets Authority in July. The platform supports Bitcoin, Ether, Solana, and USD Coin, with intentions to include more crypto-assets and stablecoins over time.

Alongside digital assets, BNY has integrated its LiquidityDirect system into Tradeweb Markets' ICD Portal for corporate treasury users and maintains duties as agent bank across several floating-rate notes. An investment model funded by roughly US$4b in yearly engineering expenditures yielded 600 basis points of positive operating leverage during the initial half of 2026, alongside roughly US$2b in efficiency savings.

On Lang & Schwarz, BNY stock was priced at 137.50 euros at 16:04 CET on Wednesday, November 11, 2026, advancing from 136.00 euros earlier that day and 135.50 euros on Tuesday, November 10, 2026. In US trading, the shares recently stood at US$151.14, gaining 29.14% year to date but retreating 7.24% across the prior 90 days. Analyst consensus tracked by Simply Wall St calculates fair value at about $163.36, whereas its discounted cash flow assessment projects future cash flow value at $147.18.