Update
BNY Adds XRP and RLUSD Custody for Eligible Institutions
BNY now supports custody of XRP and Ripple's RLUSD stablecoin for eligible institutional clients. The announcement does not disclose an XRP balance or new purchases. Moving existing tokens to BNY would change their custodian without necessarily creating demand for more coins. The bank's general custody platform uses segregated wallets and operational controls, and it provides a combined environment for digital and traditional assets.