Ripple Labs has filed a trademark application for 'Ripple Custody', indicating an expansion of their crypto asset custody services beyond payments.
The application covers software for managing cryptocurrencies and financial custodial services, as well as network services for secure financial data transmission.
Ripple previously launched a custody platform for tokenized assets, which will be used by major banks like BBVA, DBS, and Societe Generale Group.
XRP price has risen by 15% week on week to reach $2.34, following Ripple's expansion and despite confusion around an SEC website proposal.