Ripple and BNY Target New Trade Finance Market for XRP Ledger
Ripple and BNY plan to advance tokenized trade finance on the XRP Ledger, first exploring a supply chain finance initiative to broaden investor access. Their collaboration also adds institutional XRP and RLUSD custody and plans direct stablecoin issuance and redemption. BNY Collaboration Targets Institutional Trade Finance Investors could gain broader access to financing approved business […]
Key Takeaways
- Ripple and BNY plan to advance tokenized trade finance on the XRP Ledger, first exploring a supply chain finance initiative to broaden investor access.
- Their collaboration also adds institutional XRP and RLUSD custody and plans direct stablecoin issuance and redemption.
- BNY Collaboration Targets Institutional Trade Finance Investors could gain broader access to financing approved business […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Web3
SoFi discloses 503,000 crypto products as gross crypto revenue hits $162 million
SoFi broke out crypto products for the first time. Gross crypto revenue rose 20%, while total net revenue hit a record $1.39 billion.
Strategy Halts Bitcoin Purchases, Spends $205 Million Buying Back STRC Shares Instead
Michael Saylor’s Strategy has temporarily paused its Bitcoin accumulation strategy, choosing to spend approximately $205 million repurchasing its preferred stock instead. The decision marks a shift in the company’s recent capital allocation priorities as it…
Ripple, BNY explore using the XRP Ledger to finance approved invoices
BNY adds XRP and RLUSD to its custody platform, as Ripple and C2FO test settling invoice payments on the XRP Ledger.