- Ripple’s enhanced custody service positions XRP to be adopted by major banks, as the market grows.
- Ripple’s compliance and security standards along with its key partnerships pave the road for the widespread integration of XRP into the tokenized economies.
As recently as 2025, Taiwan is preparing for crypto custody trial in 2025. reported CNF’s presence in Asia is strengthened with the major payment licence from Singapore’s financial regulator. Ripple is taking a major step in the space of digital assets by improving its custody services. bank-grade features.
Recent updates have been released to help fintech businesses and crypto native businesses operate on a safe and compliant platform. Ripple’s technology for custody integrates into the XRP Ledger. This allows the tokenization real-world assets, and facilitates low-fee trades on XRPLs DEX.
Team Ripple was featured in a press release. release, stating:
“Custody is a key entry point into the digital asset economy, and it’s only growing. The amount of crypto assets custodied 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.”
Ripple has also added hardware security modules and policy frameworks that are preconfigured to help meet the demands of the rapidly growing digital asset market.
Swift’s major announcement has led to discussions on the integration of digital assets into global payments. Swift may not have mentioned XRP specifically, but Ripple’s recent development positions it to profit from the broader trend.
Growing Market Adoption & Regulatory Compliance
Ripple’s Custody service has gained traction. It reported a 25% increase of new customers from year to year. It now provides services to leading crypto companies and financial institutions in the U.S. as well as U.K.
Aaron Slettehaugh (SVP Product, Ripple) highlighted the platform’s compliance and security standards in an announcement.
“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.”
Ripple partnered up with Elliptic in order to further enhance regulatory compliance. The transaction screening service allows real-time monitoring of risk and enables real time assessment.
Monica Long, Ripple CEO, highlighted the enterprise-grade capabilities of Ripple, pointing out partnerships with banks such as DBS, SocGen-FORGE and BBVA. Ripple’s enhanced offerings will be able to meet the needs of the growing global custody market, which is predicted to grow to $16 trillion in 2030. flexible solutions The tokenized economy is growing rapidly.
At the moment, as of this writing, Ripple is currently trading at $0.5372The. 0.10% In the last day, down 0.83% The past week has been a busy one.
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Source: www.crypto-news-flash.com
