BNY Mellon’s Tokenized Deposits: A Major Institutional Bridge for XRP and Digital Assets

In a landmark development for the institutional adoption of digital assets, BNY Mellon—the world's largest custodian with $57.8 trillion in assets under custody—has officially launched a blockchain-based tokenized deposit solution for its institutional clients. This move, involving major players like Intercontinental Exchange, Citadel Securities, and notably Ripple Prime, represents a significant step in bridging the gap between traditional finance (TradFi) and the digital asset ecosystem. The service enables 24/7 collateral management, margin transactions, and payments using existing banking infrastructure, providing a regulated and secure on-ramp for institutions. Unlike stablecoins, which are backed by reserve assets, BNY Mellon's tokenized deposits are direct digital representations of cash deposits held at the bank, combining the innovation of blockchain with the trust and regulatory clarity of the traditional banking system. For XRP and the broader Ripple ecosystem, the involvement of Ripple Prime as a key client and partner is particularly bullish. It signals deepening institutional integration and validation of XRP's utility in cross-border payments and liquidity solutions. This infrastructure allows institutions to manage digital collateral, including potentially XRP, in real-time, vastly improving capital efficiency. By positioning itself as the critical bridge, BNY Mellon is effectively lowering the barrier to entry for heavyweight financial institutions, paving the way for increased liquidity, more sophisticated financial products, and ultimately, greater mainstream adoption of cryptocurrencies like XRP. As of early 2026, this development is a concrete indicator that digital asset infrastructure is maturing rapidly at the highest levels of finance, setting a strong foundation for future growth and price appreciation in the sector.

BNY Mellon Launches Tokenized Deposits for Institutional Clients

BNY Mellon, custodian of $57.8 trillion in assets, has deployed blockchain-based tokenized deposits for institutional clients including Intercontinental Exchange, Citadel Securities, and Ripple Prime. The solution enables 24/7 collateral management, margin transactions, and payments using banking rails—positioning itself as a bridge between traditional finance and digital ecosystems.

Unlike stablecoins backed by reserves, tokenized deposits exist within the banking system and can accrue interest. The MOVE follows the GENIUS Act's passage, which establishes U.S. stablecoin regulations. ICE plans to integrate the product across its clearinghouses as markets evolve toward continuous trading.

Key adopters like Circle and Baillie Gifford signal growing institutional demand for blockchain settlement layers. 'This is about connecting trusted banking infrastructure with emerging digital rails,' said Carolyn Weinberg, BNY's chief product officer.

XRP Holds Steady Ahead of Powell's FOMC Meeting

XRP trades in a tight range NEAR $2.10 as markets await Federal Reserve Chair Jerome Powell's policy signals. The cryptocurrency shows signs of consolidation after recent pullbacks, with analysts eyeing $2.40–$2.50 as a key resistance zone.

Evan Aldo notes XRP's sideways movement reflects market uncertainty. A decisive breakout hinges on Powell's commentary at the February FOMC meeting—particularly any hints about inflation or rate cuts that could sway risk assets.

The 200-day moving average remains critical technical support. Traders anticipate volatility depending on whether Powell strikes a dovish or hawkish tone.

BNY Mellon Launches Tokenized Deposit Service with Ripple as Key Participant

Bank of New York Mellon (BNY) has advanced its digital asset strategy with the introduction of a tokenized deposit service, marking another milestone in institutional blockchain adoption. The initiative enables clients to transfer funds using blockchain infrastructure while maintaining existing deposit relationships.

Ripple emerges as a notable participant in the rollout, signaling growing collaboration between traditional finance and established crypto enterprises. The service creates digital representations of fiat deposits held at BNY, blending legacy banking with distributed ledger efficiency.

Ripple Secures UK Electronic Money License in Strategic Regulatory Expansion

Ripple has achieved a pivotal regulatory milestone with its newly granted Electronic Money Institution (EMI) license from the UK Financial Conduct Authority. The San Francisco-based blockchain firm now gains enhanced capacity for digital payment services across Britain, signaling growing institutional acceptance of crypto-native companies.

This approval follows Ripple's ongoing legal battles over XRP's classification in the US, creating a striking contrast between jurisdictions. The UK license enables expanded fiat onboarding and institutional-grade crypto liquidity services—a potential gamechanger for cross-border settlements.

Ripple Secures FCA Approval for UK Crypto Payment Services

Ripple's regulatory momentum continues with full FCA authorization to operate as a registered cryptoasset firm and electronic money institution in the UK. The dual license enables institutional payment solutions using XRP, which surged 10% on the news.

The approval marks a strategic expansion point for Ripple Markets UK Ltd, allowing compliant cross-border transactions through its London headquarters. This follows the company's US legal victories and positions it as a bridge between traditional finance and blockchain innovation.

Notably, the FCA maintains strict consumer protections by restricting retail crypto services while permitting institutional offerings - a distinction Ripple's business model satisfies through its focus on enterprise payment infrastructure.

XRP 2026 Price Prediction: Analyst Foresees Bottom Before Explosive Rally

Market technicians are mapping XRP's potential trajectory through 2026, identifying a critical support level that may precede a significant upward move. The cryptocurrency, which began the year with strong bullish momentum, now contends with mounting bearish pressure.

Speculation grows as analysts pinpoint where XRP might find its floor before initiating what could become a historic price surge. This projection comes amid broader market uncertainty, with traders closely monitoring key technical indicators for confirmation of the predicted reversal pattern.