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In view of the end of the year, Cassie Craddock, managing director for the United Kingdom and Europe of Ripple, shared some key predictions for the cryptocurrency and blockchain sector.
These previews highlight how 2025 will represent a crucial year for the institutional adoption of digital technologies, with a particular focus on the expansion of crypto offerings and the custody of digital assets.
Summary
Ripple (XRP) Forecasts: More Financial Institutions Will Bet on Crypto
According to Craddock, 2024 marked a turning point for the interest of financial institutions in cryptocurrencies and blockchain solutions.
Big names in the industry, such as BlackRock and abrdn, are experimenting with the tokenization of money market funds, while SocGen FORGE has issued a euro-denominated stablecoin that will soon be available on the XRPL (XRP Ledger).
In 2025, the institutions that have so far maintained a wait-and-see attitude will understand that internal pilot projects will not be sufficient to make significant progress. The complexities of traditional banking systems require a broader and more collaborative approach.
The key to success will be working with expert consultants and industry partners. Through these collaborations, institutions will be able to:
- Overcome the experimental phase, developing solid business foundations.
- Choose and implement the best technologies to scale your offerings.
- Ensure compliance with emerging regulations.
This synergy will allow major financial institutions to consolidate their presence in the criptovalute market and fully leverage the opportunities offered by tokenization.
The custody of digital assets: a fundamental pillar for competitive banking
Another key prediction concerns the custody of digital assets, set to become an essential element for banks in 2025. According to Craddock, custody will no longer be a “nice-to-have” service, but a necessity for those who want to remain competitive.
Integrating custody as a central service will not only strengthen security and trust, but will serve as a springboard for further innovations in the blockchain sector, such as:
- The trading of digital assets.
- Tokenized asset management.
This evolution will favor a greater adoption of digital assets, opening new growth opportunities.
To implement efficient custody solutions, banks will increasingly rely on strategic partnerships. These collaborations will allow access to specialized expertise in:
- Blockchain technology.
- Cybersecurity.
- Regulatory compliance.
The institutions that will invest early in custody solutions and work in synergy with third-party providers will be able to:
•Acquire significant market shares.
•Building trust in a rapidly evolving sector.
The custody of digital assets is therefore configured as a critical factor for banks that intend to distinguish themselves in an increasingly competitive and digitalized landscape.
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Conclusions
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The forecasts of Cassie Craddock for 2025 highlight two main trends: the consolidation of crypto offerings by financial institutions and the integration of digital asset custody as a core service.
Both directions point towards a future where collaboration, innovation, and regulatory compliance will be essential for success in the cryptocurrency sector.
Ripple, with its role as a leader in the blockchain landscape, positions itself as a key partner to drive this transformation, promoting a wider adoption of digital technologies and offering scalable and secure solutions for the financial sector.