Fintech giant Ripple has made a significant entry into crypto custody, introducing new services aimed at assisting banks and financial technology companies to store digital assets for clients securely. This move represents a strategic expansion for Ripple as it seeks to diversify its offerings beyond its core payment settlement business.
Ripple plans to launch several features to help its banking and fintech clients manage and hold digital tokens efficiently. As part of this strategy, Ripple formed Ripple Custody, a subsidiary specializing in custody solutions.
These features include pre-configured operational settings, integrated policy settings, and anti-money laundering risk monitoring. Furthermore, Ripple will provide a redesigned user interface to improve customer ease of use and engagement.
The post "Ripple Enters Crypto Custody Market with New Services for Banks and Fintech Firms" first appeared on 36crypto.com News.
