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Ripple Launches New Features for Custody Arm to Tap $16T Market

  • 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.

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