Ripple Makes History: Teams Up with America’s Oldest Bank to Safeguard RLUSD

Ripple just rewrote the crypto-custody playbook—partnering with the 232-year-old Bank of New York Mellon to secure its upcoming stablecoin. Wall Street's sleeping giant finally wakes up to blockchain.

Why this matters

BNY Mellon isn't just any custodian—it's the OG of American finance, holding $46.7 trillion in assets. Their vaults are about to get a digital upgrade as Ripple positions RLUSD as the institutional stablecoin of choice.

The fine print

No terms disclosed (classic finance opacity), but insiders confirm BNY Mellon will handle cold storage for RLUSD reserves. Because nothing says 'trust' like a bank founded when George Washington was president.

Cynical take

Nothing unites old money and new crypto like the shared dream of charging custody fees—now with 100% more blockchain buzzwords.