America’s oldest bank is teaming up with Ripple. They want to modernize world trade. On October 27, 2026, Ripple announced a big deal with BNY Mellon. The announcement took place in New York. The two financial giants plan to bring invoice financing to the XRP Ledger. They are working with a supply chain firm named C2FO.
BNY Mellon is a massive financial giant. The bank was founded in 1784. Alexander Hamilton helped start the bank. Today, the bank looks after more than sixty-three trillion dollars in client assets. Now, the bank is adding XRP to its custody platform. It is also adding Ripple’s dollar stablecoin. The stablecoin is named RLUSD. The new system will allow institutional clients to mint RLUSD directly through the bank. They can also redeem coins for cash.
The new project focuses on invoice financing for business suppliers. Small suppliers often wait thirty to ninety days to get paid. Big corporate buyers can take months to pay bills. Waiting for cash hurts daily work.This long wait creates heavy cash strain for small firms. Under the new system, approved invoices will become digital tokens on the XRP Ledger. C2FO runs a network that serves over two million businesses. These firms trade goods across the globe every day.
Once an invoice is approved, suppliers get their cash in seconds. Capital providers fund the invoice right away. Cash moves without delay. They use RLUSD stablecoins to move the cash. The supplier gets paid without waiting weeks for bank wires to clear. The invoice terms stay the same for the corporate buyer. When the buyer pays the bill, the cash settles on the blockchain network.
Monica Long is the president of Ripple. She said that crypto is moving into a useful new era. She explained that teams must move past just launching tokens. The goal is to make digital assets usable for everyday payments. Firms can also use coins as loan collateral across world markets.
Ripple also announced a new partnership with trading firm Robinhood. Robinhood will use the RLUSD coin for settlements on the XRP Ledger. Robinhood will also use Ripple’s cash management tools to move money across its global network. The tool is called Ripple Treasury. It helps firms move cash between banks and digital accounts.
The RLUSD stablecoin has grown fast. It launched in late 2024. The token now holds over 2.5 billion dollars in market value. More than one billion dollars of that supply runs on the XRP Ledger. The ledger has processed over 4.6 billion transactions since it started. Each trade settles in just three to five seconds. Network fees are very low.
Trade finance is a massive global market. Trillions of dollars move between buyers and sellers each year. Yet paper forms and slow bank wires still cause delays. By using open ledger rails, companies can track
goods and payments in real time. Small suppliers can get working cash right away. They can pay their workers on time and buy fresh inventory.
Industry experts say the BNY deal brings huge credibility to the XRP Ledger. When a centuries-old bank adopts a public blockchain, traditional finance takes notice. The project proves that blockchain tools can solve real-world cash problems for global trade. Suppliers gain faster access to their money. Global trade becomes smoother and more reliable for everyone. Digital networks are making business payments faster and safer every day. Large banks are helping lead this digital shift. More corporate trials will launch next year. These trials will show how digital money can help global trade. Teams will continue to test tokenized assets in the months ahead. This teamwork will help build modern rails for business finance.