Ripple debuts crypto custody solutions to support banks in managing crypto: report
Ripple is entering the custodian space, unveiling a range of new services to assist financial institutions in managing crypto for their clients.
According to a CNBC report on Oct. 10, the San Francisco-based blockchain firm wants to position its recently formed Ripple Custody division as a new player in the growing crypto custody market.
The new offerings reportedly include pre-configured operational and policy settings, integration with Ripple’s XRP Ledger platform, and tools for monitoring anti-money laundering risks to ensure regulatory compliance.
In a bid to enhance its custody capabilities, Ripple acquired crypto custodian Metaco in 2023 and Standard Custody & Trust Company earlier this year. The company is now operational in…
