On the first day of the Swell 2026 conference, held from October 27 to 29 in New York, Ripple announced several major institutional developments. Robinhood entered into a broad partnership with Ripple covering stablecoins, treasury operations, institutional settlement, financing, and market access, while BNY Mellon now supports XRP and RLUSD on its custody platform and plans to explore tokenized trade finance on the XRP Ledger. Ripple and C2FO also announced that financing and settlement for C2FO’s Instant Pay platform will move onto the XRP Ledger, with RLUSD used for settlement so suppliers can receive funds in seconds. Ripple Treasury launched 24/7 Returns, a product designed to let eligible companies put idle cash to work outside conventional banking hours. Finally, the OCC granted final approval to Ripple National Trust Bank, enabling it to manage segregated reserves for Ripple’s stablecoin, serve as collateral trustee, and provide fiduciary digital asset custody services, amid an appearance by US Treasury Secretary Scott Bessent.
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