Ripple Labs has filed a trademark application for "Ripple Custody," indicating a move into cryptocurrency custody services.
The application covers downloadable software for the custody, transmission, and storage of cryptocurrencies, fiat, virtual, and digital assets, alongside financial custodial services.
The move follows Ripple's launch of its custody service, expanding beyond its core payment settlement operations.
The service could potentially support XRP and other digital assets, providing an additional revenue stream through transaction fees.