EVENT / TOPICHistorical

Ripple and BNY Mellon explore XRP Ledger for invoice financing

2 reports2 sources10/28/2026 updated

Current overview (not historical)

AI overview

Ripple and BNY Mellon are exploring the use of the XRP Ledger to settle approved invoice payments. BNY has added XRP and RLUSD to its custody platform for eligible institutional clients, and Ripple is testing payment settlement on the ledger alongside C2FO. The rollout of BNY's custody service is qualified but has not yet revealed actual uptake or settlement volumes.

Written with AI from the reporting · updated 10/28/2026

Latest developmentOct 28, 11:40

BNY adds XRP and RLUSD custody for eligible institutional clients

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1Unclassified fact stationOct 27, 00:00recorded Oct 27, 23:42single source
Ripple and BNY explore XRP Ledger for invoice financing
Read original source ↗ The Block Replay this moment in the explorer
Evidence & revisions · 1 source records
Subject：
ripple
Action：
testing settling invoice payments
Object：
XRP Ledger
Occurred (fact side)：
Oct 27, 00:00
The Block ↗Report pageOriginal / first version
Published (valid side)：
Oct 27, 23:01
First seen (known side)：
Oct 27, 23:42
Fact stationSingle source · one-sided claim
Copy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.
2Unclassified fact stationOct 27, 00:00recorded Oct 28, 12:12single sourcerevised
BNY offers XRP custody for eligible institutional clients
Read original source ↗ CryptoSlate Replay this moment in the explorer
Evidence & revisions · 1 source records
Subject：
BNY
Action：
offers XRP custody
Object：
XRP
Occurred (fact side)：
Oct 27, 00:00
CryptoSlate ↗Report pageRevision 2 · currently revised
Published (valid side)：
Oct 28, 11:40
First seen (known side)：
Oct 28, 12:12
Fact stationSingle source · one-sided claimRevised
Copy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.

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Oct 28

11:40
CryptoSlateRelated fact: single sourceSource report revised
BNY adds XRP and RLUSD custody for eligible institutional clients
Report first recorded Oct 28, 12:12
BNY Mellon now supports custody of XRP and Ripple's RLUSD stablecoin for eligible institutional clients, offering a banking route to safeguard and manage these assets. The service integrates custody with settlement, accounting and servicing, though the announcement discloses no funded clients, XRP balances, or new purchases.
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Oct 27

23:01
The BlockRelated fact: single source
BNY and Ripple Test Using the XRP Ledger to Finance Approved Invoices
Report first recorded Oct 27, 23:42
BNY Mellon has added XRP and its stablecoin RLUSD to its custody platform, positioning the assets for use in invoice financing. Ripple and the fintech C2FO are jointly piloting a system that settles approved invoice payments directly on the XRP Ledger, aiming to streamline the process and reduce settlement times. The pilot will involve real‑world invoice transactions, leveraging XRP’s low‑latency network and RLUSD’s price stability to provide a faster, cheaper alternative to traditional banking channels.
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Event activity trend

Latest comparable: 3
Comparable peak: 16Oct 28, 14:00
24h change: -71%

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