coinspress.com
10 October 2024 11:00, UTC
Ripple has entered the crypto custody sector, unveiling new services aimed at helping financial institutions manage digital assets.
The company, through its Ripple Custody arm, is introducing tools that support banks and fintech firms in securely storing cryptocurrencies for their clients.
These offerings include streamlined settings, integration with the XRP Ledger, compliance monitoring, and a more user-friendly interface.
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This expansion marks Ripple’s strategic shift beyond its core payment services and positions the company against established competitors in the custody market like Coinbase and Fireblocks.
READ MORE: Hong Kong Plans More Crypto Exchange Approvals Amid Regulatory Challenges
Ripple recently launched its payments service in Brazil, partnering with Mercado Bitcoin, and gained regulatory approval from the Dubai Financial Services Authority to extend its services.
With over 55 global licenses, Ripple continues to strengthen its position in the digital finance industry.
