Ripple and BNY Eye XRP Ledger for Approved Invoice Financing
BNY is adding XRP and RLUSD to its custody platform while Ripple and C2FO test invoice settlement on the XRP Ledger.
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Key takeaways
- BNY is adding XRP and RLUSD to its custody platform
- Ripple and C2FO are testing invoice payment settlement on the XRP Ledger
- The focus is financing approved invoices, a corner of working capital
- Details like timelines, volumes and fees weren't provided
Two moves, one theme. BNY is adding XRP and Ripple's RLUSD stablecoin to its custody platform. And Ripple is working with C2FO to test settling invoice payments on the XRP Ledger.
What's actually happening
Both things are happening at the same time. BNY, one of the world's biggest custodians, is extending its platform to hold XRP and RLUSD. Meanwhile, Ripple and C2FO are exploring the XRP Ledger as the rail for settling payments tied to approved invoices.
Quick primer. An approved invoice is a bill the buyer has already signed off on. Suppliers often want their cash before the due date, so financing those invoices is a routine working-capital tool. The test asks whether on-chain settlement can handle that job.
Don't expect details. The material available gives no timelines, no transaction volumes, no commercial terms. This is an exploration, not a launch.
Why it matters
Custody is the quiet gatekeeper for institutional money. Big firms often can't touch an asset until a trusted custodian supports it. So BNY's move knocks down one barrier for XRP and RLUSD. Not glamorous. Still a barrier.
The invoice work is the better signal for anyone holding XRP. Real payment flows, not trading, are what would create lasting demand for a network. Will this test grow past a pilot? That's the open question.
Source: The Block
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