Ripple announced the launch of Ripple Custody, aimed at helping banks and fintech companies securely store digital assets.

Ripple's Expansion into Crypto Custody Services

According to CNBC, this is one of Ripple's significant expansions, extending beyond its core payment settlement platform, RippleNet. The new service features integrations with the XRP Ledger platform, allowing for fast, low-fee transactions. Ripple Custody includes AML risk monitoring, ensuring high levels of security and compliance for financial institutions.

Strategic Acquisitions to Enhance Offering

Ripple Custody offers more than just cryptocurrency storage; customers can tokenize real-world assets, opening new opportunities in asset management. Ripple's acquisition of Metaco and Standard Custody & Trust strengthens its custody services and expands its presence in the digital asset market.

Future of Digital Asset Management

With tools for tokenizing real-world assets and integration with XRP Ledger, Ripple Custody offers fast and low-cost transactions, making it an attractive solution for companies looking to optimize digital asset management.

Ripple continues to expand its services, enhancing security and efficiency in digital asset management, demonstrating a commitment to regulation and innovation.