**Ripple Launches Crypto Custody Services for Banks and Fintech Firms**

Ripple has rolled out new digital asset storage services aimed at banks and fintech companies. Announced on October 10, the initiative is part of Ripple's strategy to expand its digital asset custody division, now branded as Ripple Custody.

Key features include:

- Integration with Ripple’s XRP Ledger

- Pre-configured operational settings

- Anti-Money Laundering risk monitoring

- Enhanced user interface

This move diversifies Ripple's offerings beyond payment settlements, tapping into the growing demand for secure crypto storage solutions. Ripple reports a 250% growth in its custody services, now operating in seven countries.