Ripple launches new crypto storage services in bid to diversify
Jakub Porzycki | Nurphoto | Getty Images
U.S. blockchain startup Ripple made a major expansion of its crypto custody business on Thursday, launching new services aimed at helping banks and financial technology firms to store digital assets on behalf of clients.
The San Francisco-based company told CNBC it is debuting a slew of features to enable its banking and fintech clientele to keep and maintain digital tokens — as part of a broader push into custody, a nascent business for Ripple under its Ripple Custody division, which was formed last year.
These features include pre-configured operational and policy settings, integration with Ripple’s XRP Ledger blockchain platform, monitoring of anti-money laundering risks to maintain…
