Goldman Sachs and BNY are collaborating to launch digital tokens that mirror shares of money market funds. Investors can now buy and sell money market fund shares on BNY’s LiquidityDirect…
In brief
BNY Mellon and Goldman Sachs are working together on a tokenized money market fund (MMF) product.
The product will allow fund managers to subscribe to MMF shares that earn…
As Ripple officially brought Bank of New York Mellon Corporation, known as BNY, on board as the primary reserve custodian for its enterprise-grade stablecoin, RLUSD, President Monica Long publicly framed the partnership…
Key takeaways:XRP price jumped around 12% after Ripple named BNY Mellon as custodian for its RLUSD stablecoin.Traders are betting on increased XRP utility as RLUSD adoption potentially shifts from Ethereum…
Bank of New York Mellon will serve as the primary custodian
for the U.S. dollar reserves supporting Ripple’s stablecoin, RLUSD. The
announcement was made by both companies on Wednesday.BNY Mellon created a…
In brief
Ripple has chosen BNY Mellon as the primary custodian for RLUSD.
Stablecoin issue Circle made a similar announcement over three years ago.
Despite its over 240-year history, BNY Mellon was an…