BNY and Ripple Explore Invoice Settlement on XRP Ledger

Big Banking Meets Blockchain: What Just Happened?

Imagine waiting weeks or even months just to cash a check for work your business already completed. That waiting game is a daily challenge for thousands of suppliers around the world.

Traditional financial institution BNY (Bank of New York Mellon) has added XRP and RippleXRP+1.34%'s U.S. dollar stablecoin, RLUSD, to its institutional custody platform.

At the same time, enterprise blockchain firm Ripple is working with working-capital platform C2FO to test settling approved invoice payments directly on the XRP Ledger.

Solving the Invoice Waiting Game with Ripple and C2FO

To see why this matters, let us take a quick look at how supply chain invoice financing works in the business world.

When smaller suppliers deliver goods to major corporations, the buyers often take 30, 60, or 90 days to settle the bill. This delay creates cash flow bottlenecks for smaller vendors who need funds right away to keep operating.

C2FO runs an online marketplace that lets businesses get paid earlier on their approved invoices. By testing payment settlements on the XRP Ledger, Ripple and C2FO want to make early invoice payouts faster and more affordable.

• Faster Transfers: Settling transactions on-chain takes seconds instead of days across legacy banking networks.
• Lower Costs: Network fees on the XRP Ledger cost fractions of a cent per transaction.
• Stable Value: Using RLUSD lets businesses move dollar-equivalent value without facing token price swings during transfer.

Why BNY Custody Support Matters for Institutions

Large corporate treasuries rarely manage crypto tokens on self-hosted wallets due to strict compliance, auditing, and security requirements.

By adding XRP and RLUSD to its institutional custody infrastructure, BNY offers corporate clients a familiar, regulated framework to hold digital assets securely.

Institutional custody provides the compliance infrastructure major corporate treasuries require before integrating digital assets into daily commercial payments.

Real-World Business Use Cases for Blockchain

This pilot program shows how public ledgers can support real-world commercial finance. Moving invoice settlements on-chain provides transparent, real-time record-keeping for enterprise accounts.

While enterprise adoption of blockchain technology continues to develop, digital assets remain exposed to broader crypto market volatility. Readers should examine market conditions carefully before making financial decisions.

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