Ripple has introduced new features for its Ripple Custody service, designed to help fintech and crypto businesses securely manage their digital assets.
This latest update enhances security, compliance, and user experience while expanding support for tokenizing real-world assets.
Ripple Custody now offers a more straightforward onboarding process through cloud-based security options, enabling businesses to set up the service with ease.
The platform integrates with the XRP Ledger, allowing companies to create, manage, and trade digital versions of real-world assets at low fees.
Additionally, Ripple has introduced pre-configured policy frameworks, simplifying the management of compliance and security requirements.
Ripple Custody also features advanced compliance monitoring tools to help businesses screen transactions and meet regulatory standards. The user interface has been improved to enhance navigation and asset management for businesses.
“Ripple Custody now supports XRP Ledger tokenization features, enabling businesses to tokenize and manage 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,” they said.
“This integration also provides seamless access to the XRPL’s native decentralized exchange (DEX) for efficient, low-fee trading of any tokenized asset.”
Ripple Custody is experiencing rapid growth, with a 250% increase in new customers over the past year. It now serves major banks and financial institutions worldwide.
Read also: Canary Capital pushes for XRP ETF as Ripple fights SEC lawsuit
As the digital asset market is expected to expand, Ripple is well-positioned to support businesses navigating this evolving space. Compliance features will be available to select customers by the end of the year, with broader access planned for next year.
Aaron Slettehaugh, Ripple’s SVP of Product, explained that the company’s custody technology provides a unified platform for businesses to securely store and manage digital assets. It adheres to the strict security and compliance standards trusted by global banks and financial institutions.
Recent updates to Ripple Custody include new features that enhance support for crypto and fintech companies. The platform offers secure, reliable, and scalable solutions for managing digital assets.
