Key Highlights BNY Mellon increased its stake in Strive by 39% to 257,718 shares rather than buying Bitcoin directly. Strive holds more than 43,000 BTC and primarily finances its Bitcoin purchases through stock offerings and perpetual preferred stock. The roughly $6 million position is small relative to BNY Mellon’s overall assets, but institutional ownership could ...
Key Highlights: Institutional holdings now represent 1.87% of XRP’s circulating supply as inflows trend to surpass the previous week’s figures. Major financial institutions, including BNY Mellon and Standard Chartered, have expanded corporate payments and custody integration for XRP. Despite price drops below $1.25, fundamental network metrics across XRPL—including stablecoins, tokenized RWAs, and ETP assets under ...
Key Highlights: Ripple’s $RLUSD has secured the first-ever investment-grade deposit rating from credit rating agency Moody’s. Reserve architecture maintained by SCTC targets a 103% overcollateralization ratio, backed by cash and short-duration U.S. government assets primarily custodied with The Bank of New York Mellon. Distribution of the stablecoin is expanding rapidly across premier platforms, including Robinhood, ...
Key Highlights: The Bank of New York Mellon Corp. (BNY) has expanded institutional access to $XRP and Ripple USD ($RLUSD) through its Digital Asset Custody platform. Privy and Robinhood Markets Inc. have partnered with Ripple to integrate $XRP and $RLUSD into programmable wallets, institutional settlement, and corporate treasury management. Ripple secured final regulatory approval for ...