According to CoinMeta, Bank of New York Mellon supports XRP and RLUUSD on its digital asset custody platform, allowing institutional clients to store, hold, and transfer related assets. The bank plans to expand support for XRP Ledger and collaborate with Ripple to enable clients to mint and redeem RLUUSD through Bank of New York Mellon. Both parties are also exploring supply chain financing solutions based on XRP Ledger with C2FO to tokenize trade financing assets.