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10 October, 2024

Ripple Enters the Digital Asset Custody Arena: What It Means for Banks and Fintech

10 October, 2024

Ripple, a leading player in the global payments space, has announced its foray into digital asset custody services. This strategic move signifies the company’s ambition to expand its offerings beyond its core payment settlement business and cater to the burgeoning demand for secure digital asset storage solutions within the financial industry.

With this new venture, Ripple aims to provide banks and fintech companies with a robust and reliable platform for safeguarding their digital assets. This move underscores Ripple’s commitment to fostering the adoption of blockchain technology and enabling a more efficient and secure financial ecosystem. The company’s expertise in blockchain technology and its existing relationships with financial institutions position it well to become a significant player in the digital asset custody market.