Ripple is the greatest provider of digital assets infrastructure for financial services. Now, in the latest development, the US-based blockchain startup Ripple made a significant foray into crypto custody on October 09. Ripple launching new services to help banks and financial technology firms store digital assets on behalf of clients.
Ripple Crypto Custody services for banks including
These new features contain pre-configured operational and policy settings, and integration with Ripple’s CRP Legar blockchain platform. In addition, they monitor anti-money laundering risks to maintain compliance and have a new user interface that is easy to use and connect with.
Moreover, the latest update brings new features such as:
- Transaction screening service integration,
- Added hardware security module (HSM) options
- XRPL integration for tokenizing Real World Assets (RWA)
- Pre-configured policy frameworks
- Improvements to the platform’s usability and user interface.
Ripple explains that the custody technology delivers a single platform for safeguarding and managing digital assets (crypto), designed with the security and compliance standards that top global banks and financial institutions have come to rely on.
Moreover, Ripple Custody provides clients with foundational capabilities to build and scale new business models in the digital asset economy. These features provide mission-critical software infrastructure to secure, transfer, and settle any type of tokenized financial asset.
“Ripple’s custody technology offers a single platform for safeguarding and managing digital assets, designed with the security and compliance standards that top global banks and financial institutions have come to rely on,” said Aaron Slettehaugh, SVP of Product at Ripple. “With new features, Ripple Custody is expanding its capabilities to better serve high-growth crypto and fintech businesses with secure and scalable digital asset custody.”
In addition, Ripple Custody now supports XRP Ledger tokenization features, which enable businesses to tokenize. Plus, it manages a wide range of assets, including cryptocurrencies, fiat currencies, and real-world assets, while facilitating digital asset issuance and secure transfers directly from its platform.
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