absabank

Absa has become the first African bank to launch Bitcoin custody services, signaling a major shift in institutional digital asset adoption across the continent.

#AbsaBank #BitcoinCustody ‎

🚨 South Africa's Absa Group officially launched a digital asset custody service, making it the first bank in Africa to offer cryptocurrency custody services for institutions.
-World of Currencies
#AbsaBank

🚨 Ripple Expands Institutional Custody Footprint in Africa with Absa Bank Partnership
Big news for XRP and digital asset adoption in Africa.
Ripple has announced a strategic partnership with Absa Bank, one of South Africa’s largest and most respected financial institutions, to bring its institutional-grade digital asset custody solution to the continent.
💡 The collaboration marks Ripple’s first major custody partnership in Africa, signaling growing confidence in secure and scalable crypto infrastructure for banks and enterprises.
According to Reece Merrick, Managing Director for the Middle East & Africa at Ripple:
“Absa is one of the most respected and innovative banks in Africa. This partnership underscores Ripple’s commitment to unlocking the potential of digital assets across the region.”
Robyn Lawson, Absa’s Head of Digital Product & Custody, added:
“We recognize the importance of providing customers with secure, compliant, and robust custody solutions for their digital assets.”
This move follows Ripple’s recent expansion of its USD-backed stablecoin (RLUSD) into Africa through partnerships with Chipper Cash, VALR, and Yellow Card — accelerating institutional and retail crypto adoption across the continent.
🚀 With tokenization and digital asset infrastructure rapidly evolving, Ripple’s partnership with Absa sets the stage for a new era of blockchain-powered finance in Africa.
#Ripple #XRP #AbsaBank #Blockchain #Web3
https://coingape.com/xrp-news-ripple-strikes-deal-with-a-leading-bank-to-expand-global-custody-footprint/?utm_source=coingape&utm_medium=linkedin