Ripple Labs is launching a new crypto custody service, Ripple Custody, expanding its offerings beyond cross-border payments.
Ripple Custody offers secure storage solutions with AML tools and tokenization features.
The service reflects increased institutional demand, with customer growth surging 250% year-over-year, and major institutions like HSBC and DBS already using it.
Ripple's move into crypto custody positions the company to capitalize on the projected $16 trillion market by 2030.