# Ripple Expands BNY Custody Support as C2FO Plans XRPL Payments

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/41966
Published: 2026-10-27T19:28:53.000Z
Updated: 2026-10-27T19:28:53.000Z
Section: Business

> Eligible institutions can hold and transfer XRP and RLUSD through BNY’s custody service. Ripple and C2FO plan to bring Instant Pay financing and settlement to XRPL, using RLUSD for settlement.

Ripple expanded its strategic collaboration with BNY on Oct. 27, adding XRP and Ripple USD (RLUSD) to the assets eligible institutional clients can hold and transfer through the bank’s digital-asset custody service.

BNY also plans to support more tokenized assets and investment products issued on the XRP Ledger (XRPL), and to let clients mint and redeem RLUSD through the bank. Those plans are subject to final BNY and regulatory approvals.

The custody expansion builds on BNY’s work safeguarding RLUSD reserves and its custody relationship with Ripple Prime.

Separately, Ripple and BNY are exploring a supply-chain-finance initiative with working-capital platform C2FO to broaden investor access to trade-finance assets such as receivables.

In a separate plan, Ripple and C2FO would bring financing and settlement activity for C2FO’s Instant Pay service onto XRPL. Participating capital providers would fund early payments, with RLUSD used for settlement. The initiative is designed to let suppliers receive funds in seconds against approved invoices while keeping the invoices’ existing terms and due dates unchanged.

“The next opportunity is to make the financial infrastructure behind our marketplace as efficient and connected as the experience we’ve created for customers,” C2FO President and COO Americas Ragui Selwanes said. Businesses interested in Instant Pay can join a waitlist.