Ripple: Expands BNY Collaboration on Tokenized Trade Finance
Ripple announced an expansion of its collaboration with BNY to bring custody and tokenized trade finance to the XRP Ledger, integrating institutional scale with RLUSD, XRP and the ledger's infrastructure.
SourceAnalysis
Ripple expanded its partnership with BNY to deliver custody solutions and tokenized trade finance on the XRP Ledger, combining BNY’s institutional reach with RLUSD and XRP.
The move positions the XRP Ledger for direct institutional adoption in trade finance flows that have historically relied on legacy rails.
XRP trades at $1.31, sitting precisely on the EMA50 while the EMA200 rests at $1.37. With the MACD confirming a golden cross and RSI at 54.05, price remains inside the Bollinger band between $1.27 support and $1.32 resistance; a test of the upper band could trigger a measured pullback to the 50-EMA before continuation.
Ripple
@RippleAs the official account of Ripple, the company focuses on transforming global payments through its enterprise blockchain solutions and digital asset XRP. It shares updates on institutional adoption, regulatory engagements, and technology developments in cross-border finance and central bank digital currencies (CBDCs).