Ripple and BNY Explore Tokenized Trade Finance on XRP Ledger
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Ripple and BNY plan to explore supply chain finance on the XRP Ledger, alongside institutional custody for XRP and RLUSD and direct stablecoin issuance and redemption.
Ripple and BNY are planning to develop tokenized trade finance on the XRP Ledger, according to Bitcoin.com News. The collaboration will initially explore a supply chain finance initiative.
The proposed initiative aims to widen investor access to trade finance. The source did not provide a launch date or detailed terms for the project.
The collaboration also includes institutional custody for XRP and Ripple’s RLUSD stablecoin, along with plans for direct stablecoin issuance and redemption.
Source: Bitcoin.com News
