Ripple has introduced crypto custody services aimed at banks and fintech firms.
The new division has seen over 250% year-over-year customer growth and serves major financial institutions.
The services include integration with the XRP Ledger and features for tokenizing real-world assets
Ripple, the payments company based out of San Francisco, has launched new crypto custody services on Thursday, designed to help banks and fintech firms securely store digital assets for their clients. This is a big move for Ripple as it expands its offerings beyond its core payment settlement business.
The new custody services are part of the new Ripple Custody division, which is designed to meet the growing institutional demand for secure and scalable digital asset storage solutions.
Ripple Custody has experienced over 250% year-over-year customer growth. It operates in seven countries and serves major financial institutions, including HSBC, BBVA’s Swiss arm, Société Générale, and DBS.
The integration of the XRP Ledger (XRPL) provides these firms with access to a native decentralized exchange, enabling faster and lower-fee trading without the involvement of interme…
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