Ripple has confirmed a game-changing development: BNY Mellon has launched tokenized deposit services for institutions, with Ripple Prime as an early adopter and BNY serving as primary reserve custodian for RLUSD.
This is the core of the banking system going on chain. Tokenized deposits let banks move real, balance sheet-backed money at blockchain speed – fully compliant, no workarounds needed.
BNY Mellon leads global custody. Ripple powers digital settlement. #RLUSD is the regulated dollar rail. #XRP is the neutral liquidity bridge.
Traditional finance and digital markets are merging now, with Ripple embedded directly in the infrastructure that moves trillions daily. There’s no turning back.