Ripple has introduced new features and functionalities for its custody solution to cater to the growing demand for secure storage of crypto assets.
The update includes transaction screening service integration, added hardware security module options, XRPL integration for tokenizing real-world assets, pre-configured policy frameworks, and upgrades to usability and user interface.
Ripple Custody now supports XRP Ledger tokenization features, enabling businesses to tokenize and manage assets including cryptocurrencies, fiat currencies, and real-world assets.
Tokenized real-world assets have the potential to enhance liquidity, accessibility, efficiency, transparency, security, and global reach in various sectors like real estate, private equity, and intellectual property.