Ripple and BNY Mellon expand collaboration on digital asset custody

BNY: BNY, operating as BNY Mellon, is a major global financial institution providing custody, investment management, and banking services to institutional clients. The company supports large-scale asset servicing across traditional and emerging asset classes. Through this expanded partnership with Ripple, BNY is advancing its capabilities in digital asset custody and blockchain technology use cases for institutions. Ripple: Ripple is a blockchain technology company focused on developing infrastructure for cross-border payments and digital asset solutions. The firm works with financial institutions to integrate blockchain into traditional finance workflows. In this news, Ripple is expanding its collaboration with BNY to broaden institutional digital asset custody and explore new blockchain applications. Institutional Custody: Traditional financial firms continue to build out dedicated services for holding and managing digital assets on behalf of clients. Blockchain Integration: Partnerships between blockchain projects and established banks are enabling exploration of new institutional applications for distributed ledger technology.