San Francisco-based fintech company Ripple Labs has filed a trademark application for 'Ripple Custody,' sparking speculation about a potential launch of crypto wallet or custodial services.
Trademark Application Details
Ripple Labs filed a trademark application for 'Ripple Custody' on February 25. The trademark is expected to apply to downloadable software, financial services, peer-to-peer network computer services, and cloud technologies for the custody, storage, and transmission of cryptocurrencies and fiat currencies. One statement reads: 'Financial services, namely, custodial services in the nature of maintaining storage and possession of cryptocurrency, fiat currency, virtual currency, and digital currency for financial management purposes.' This has caused speculation about Ripple's future plans.
XRP Community Reaction
The trademark application news has garnered varied reactions from the XRP community. Noah Christopher on X thinks Ripple is expanding into custody and payments to boost adoption, while Faril speculates that the US might rely on Ripple for crypto reserve custody. Some users noted that a Ripple Custody app already exists in the App Store, serving as an authenticator for institutional customers using Metaco for asset custody. Ripple acquired digital asset custody firm Metaco in 2023.
Current XRP Market Situation
Despite a turbulent year, XRP remains among the top ten cryptocurrencies by market cap with some YTD gains. According to CoinMarketCap data, the token is up over 1% YTD, despite losing over 10% in value over the past 90 days. This performance is comparatively better than Bitcoin, Ethereum, and other major cryptocurrencies, which are down 14-46% since January 2025. XRP's positive trend is linked to expectations that the SEC will soon drop the lawsuit against Ripple, as it has against Coinbase, Uniswap, and Robinhood.
The trademark application for 'Ripple Custody' indicates potential future plans for Ripple Labs in custodial services, while XRP shows a positive market performance amidst expectations of an SEC lawsuit resolution.
