Ripple said it is launching a slew of features aimed at helping banks and fintechs store digital tokens — as part of a broader push into crypto custody.

Ripple launched custody services aimed at enabling banks and fintech firms to store and manage digital assets on behalf of their clients.

Ripple now offers secure crypto storage services for banks and fintech, integrating with XRP Ledger for enhanced compliance.

Ripple has launched crypto storage services for banks and fintech companies by opening a new division called Ripple Custody. This is part of a strategy to break into the custody market, allowing institutions to store and manage digital assets on behalf of their clients.

Taiwan will trial crypto custody services in 2025, aligning with Ripple’s expansion in Asia after securing a key Singapore license.

San Francisco-based payments company Ripple is now aiming to offer bank-grade custody solutions to crypto businesses.

In a bold move to diversify beyond its core payment settlement business, Ripple launched a suite of crypto custody services under its newly formed division, Ripple Custody.

The new features could allow companies to tokenize and manage real-world assets (RWAs) as well as other cryptocurrencies on XRP Ledger.

U.S. %Blockchain company %Ripple (CRYPTO: $XRP ) is launching a new %Cryptocurrency custody service that will enable banks to store digital assets on behalf of their clients. Ripple’s management team says the new custody service for banks is aimed at helping the San Francisco-based company diversify its operations and grow its revenue.