TechFlow news, October 10 — According to CNBC, Ripple announced the launch of its cryptocurrency custody service, consolidating these operations under the new brand Ripple Custody, aimed at helping banks and fintech companies store and manage digital assets. This move marks Ripple's official entry into the crypto custody market, expanding its business beyond its core payment settlement platform, RippleNet.
Ripple Custody will offer a suite of new features, including integration with the XRP Ledger blockchain platform, anti-money laundering (AML) risk monitoring, pre-configured operational and policy settings, and a user-friendly interface. These capabilities are designed to help financial institutions more easily participate in digital asset management. Ripple Custody will also provide clients with services for tokenizing real-world assets, enabling fast and low-cost transactions using the XRP Ledger.
