Ripple Custody, the firm behind XRP, has launched new features and functionalities to improve its custody technology for fintech and crypto users.
The latest update includes integration of transaction screening service, additional hardware security module (HSM) options, integration with XRPL for tokenizing Real World Assets (RWA), pre-configured policy frameworks, and improvements to usability and user interface.
Ripple Custody has reported significant progress with 250% year-over-year customer acquisition and availability in major global financial markets.
Financial institutions are increasingly offering custody services for crypto assets due to heightened demand, with Taiwan's FSC planning to establish a sandbox for crypto custody services.