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Following
XRP 
RLUSD BNY's digital transfer agent places official fund ownership records directly on the blockchain infrastructure for faster settlements. Ripple has now partnered with BNY through RLUSD Reserve and Transaction Banking Services for institutional operations. XRPL was not involved in the initial launch, and future blockchain integrations may still follow the wording in the SEC filing. XRP institutional tokenization is attracting renewed attention after Bank of New York Mellon launched a blockchain-based fund ownership infrastructure. The development also refocuses Ripple's existing institutional relationship with the global financial custodian.
BNY introduces blockchain fund ownership
An analyst shared this progress through detailed analysis. The analysis describes the launch of BNY as not just another blockchain pilot project, but focusing on structural changes in the institutional finance sector.
Based on this analysis, BNY's digital transfer agent changed the way ownership is recorded. Legal ownership now exists directly on the blockchain infrastructure, and economic ownership transfers along with these official records.
This platform is different from many early tokenization projects. In the past, projects often mirror ownership records under the chain, while BNY records ownership directly on the supported blockchain network.
The analyst mentioned the financial size of BNY during the discussion. The agency serves approximately $8.6 trillion in assets and supports more than 7.6 million investor accounts.
Ripple relationship attracts market attention
The discussion also focused on Ripple's existing institutional connections. BNY is the main reserve custodian for RLUSD, and Ripple also relies on BNY's transaction banking services.
The analysis pointed out that the two companies already have operational links. RLUSD connects Ripple's regulated stablecoin infrastructure with BNY. These relationships existed before the additional blockchain integrations.
Ripple is expanding regulated financial services beyond payments. Its ecosystem also includes custody, fund management, RLUSD and settlement capabilities. The analysis treats these services as complementary institutional infrastructure.
At the time of writing, XRP was trading at approximately $3.31, and investors were watching the institutional dynamics surrounding Ripple. Market participants continue to assess corporate blockchain adoption. Price fluctuations remain independent of BNY's operating announcements.
XRPL was not involved in the initial launch
The analysis also clarified an important detail in the announcement: XRPL was not involved in the initial launch of BNY. Ethereum and Solana were launched as the first blockchain networks to support.
The analyst quoted language from relevant SEC documents. More blockchains are expected to be integrated in the future, but there is currently no clear timetable or specific supported networks.
Therefore, the analysis avoids claiming that XRPL was adopted immediately, focusing instead on the institutional relationship that already existed between Ripple and BNY. This distinction separates confirmed progress from future possibilities.
The analysis concluded that BNY has established an infrastructure to support the ownership of tokenized funds, and Ripple already has operational connections through RLUSD and banking services. The expansion of blockchain in the future remains the focus of continued attention of the market.
