San Francisco-based payments company Ripple is currently aiming to provide bank-grade custody solutions for cryptocurrency businesses.
The company’s Ripple Custody branch has provided banks and financial institutions around the world with the software infrastructure to secure, transfer, and settle tokenized financial assets.
Ripple said in a statement that the platform also includes features that allow crypto and fintech companies to take advantage of bank-grade custody technology.
Ripple Custody now supports the XRP Ledger tokenization feature, which allows enterprises to tokenize and manage cryptocurrencies, fiat currencies, and real-world assets (RWA).
The updated platform also includes integration of transaction screening services, addition of hardware security module (HSM) options, XRPL integration for tokenizing RWA, preconfigured policy framework, and user interface improvements. I am.
Aaron Threthoe, Senior Vice President of Products at Ripple, said:
“Ripple’s custody technology provides a single platform to protect and manage digital assets, and is designed with security and compliance standards trusted by the world’s top banks and financial institutions. With new capabilities, Ripple Custody will expand its capabilities to better serve high-growth cryptocurrency and fintech businesses with secure and scalable digital asset custody.”
According to Ripple, the amount of crypto assets in custody is likely to reach at least $16 trillion by 2030, by which time as much as one-tenth of the world’s gross domestic product (GDP) will have been tokenized. It is expected.
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