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XRP Up 15%...
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XRP Up 15% as Ripple Expands Reach, Files Crypto Custody Trademark

  • 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.

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