Custody is a key entry point into the digital asset economy, which is steadily growing. The amount of crypto assets under custody is expected to reach at least $16T by 2030, and moreover, 10% of the world’s GDP is expected to be tokenized by 2030. As such, companies need secure, compliant and flexible options to store their crypto.
With this in mind, Ripple, the leading provider of digital asset infrastructure, recently launched new features and functionality to Ripple Custody, bringing the benefits of its market-leading bank-grade custody technology to fintech and crypto businesses like crypto exchanges and digital asset custodians.
The latest update includes a transaction screening service integration, added hardware security module (HSM) options, an XRP Ledger integration for tokenizing Real World Assets (RWA), pre-configured policy frameworks, and improvements to the platform’s usability and user interface.
Ripple Custody delivers the foundational capability for customers to build and scale new business models in the digital asset economy by providing mission-critical software infrastructure to secure, transfer and settle any type of tokenized financial asset.
“Ripple’s custody technology offers a single platform for safeguarding and managing digital assets, designed with the security and compliance standards that top global banks and financial institutions have come to rely on, ” said Aaron Slettehaugh, SVP of Product at Ripple. “With new features, Ripple Custody is expanding its capabilities to better serve high-growth crypto and fintech businesses with secure and scalable digital asset custody.”
With support for XRP Ledger tokenization features, Ripple Custody enables businesses to tokenize and manage various assets, including cryptocurrencies, fiat currencies, and real-world assets, while facilitating digital asset issuance and secure transfers directly from its platform. This integration provides seamless access to the XRP Ledger’s native decentralized exchange (DEX) for efficient, low-fee trading of any tokenized asset.
New features and functionality include:
Ripple Custody is offered across the largest global financial markets, including Switzerland, Germany, France, the United Kingdom, the United States, Singapore, and Hong Kong. Today, It serves top-tier banks, financial institutions, and crypto businesses around the world, including BBVA Switzerland, Societe Generale—FORGE, DBS, RULEMATCH, Archax, Futureverse, and more.
Custody is the foundation of any digital asset business. It securely enables new use cases across tokenization, digital asset management, stablecoin issuance, and more. Banks, crypto businesses, fintech, and others can leverage institutional-grade crypto custody technology to access the entire digital asset ecosystem, engage in the token economy, and scale new revenue streams.
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