Ripple has introduced new crypto custody services for banks and fintech firms, expanding its business into digital asset storage.
The new service aims to let clients store and manage cryptocurrencies securely with XRP Ledger integrated. Ripple is diversifying outside payment settlement and consolidating its custody efforts.
Ripple Enters the Crypto Custody Market
This news custody is a division of Ripple that offers secure crypto storage for financial institutions. It has a user-friendly interface, advanced policy settings, and anti-money laundering monitoring.
By implementing these features, banks and fintechs can store blockchain digital tokens securely while following today’s regulations.
However, this new service works through the blockchain of its XRP ledger. This gives clients instant access to its decentralized exchange, where they can trade using its native XRP but with low fees.
Aaron Slettehaugh, senior vice president of products at Ripple, mentioned in a m
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