Pundit Says This Big Announcement Is Bullish for XRP

Crypto commentator X Finance Bull highlighted a structural shift following a new announcement from Ripple and BNY Mellon regarding tokenized deposit services.

Institutional Rails & On-Chain Cash

The oldest bank in America is moving cash on-chain, picking Ripple to assist with custody and tokenized flows. This development places XRP, the XRP Ledger, and RLUSD as core components of the infrastructure layer rather than speculative assets.

Collaboration Highlights

Tokenized Deposits: Mirroring client deposit balances on BNY Mellon’s Digital Assets platform.
RLUSD Custody: BNY Mellon serves as the primary reserve custodian for Ripple's stablecoin.
Ripple Prime: Acting as an early adopter for institutional execution.

“TRILLIONS. The scale of bank deposits and institutional cash flows being moved on-chain represents the usable payment and settlement plumbing XRP was designed for.” — X Finance Bull

Why XRP Holders Are Paying Attention

Tokenized deposits represent bank liabilities on-chain, differing from standard stablecoins. For XRP holders, the significance lies in Ripple’s operation within regulated banking environments and its integration with one of the largest custodial banks in the world, potentially bringing massive liquidity into the ecosystem.