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Crypto DeFi

Ripple, C2FO test invoice settlement on XRP Ledger as BNY adds XRP, RLUSD custody

Ripple and C2FO are testing the settlement of approved invoice payments on the XRP Ledger, while BNY has added XRP and RLUSD to its custody platform. The two developments pair a payments pilot with expanded institutional custody for the XRP ecosystem. No timeline or volume figures were disclosed.

Original source

AI take

The pairing is the story: a settlement pilot on one side and a custody bank on the other suggests the XRP ecosystem is being tested along both the transaction and the safekeeping rails at once, which is where institutional adoption tends to stall. BNY's move matters most for firms that need a recognized custodian before touching an asset at all. With no timeline or volume figures disclosed, the pilot remains a signal rather than evidence — whether it moves beyond approved invoices into recurring commercial flow is the open question.

Generated by AI for reference only.

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