- Ripple’s enhanced custody services position XRP for adoption by major banks as the $16 trillion market expands.
- Ripple’s strong compliance and security standards, along with key partnerships, pave the way for widespread integration of XRP in the tokenized economy.
After Ripple expanded as Taiwan prepares for crypto custody trials in 2025, as recently reported by CNF, its presence in Asia strengthens with a major payment license from Singapore鈥檚 financial regulator. Ripple has taken a strategic step forward in the digital asset space by enhancing its custody services with new, bank-grade features.
Recently unveiled, these updates aim to serve fintech companies and crypto-native businesses with a secure and compliant platform. Ripple’s custody technology integrates with the XRP Ledger (XRPL), enabling the tokenization of real-world assets and facilitating low-fee trading on XRPL鈥檚 decentralized exchange (DEX).
Team Ripple highlighted in a recent press release, stating:
“Custody is a key entry point into the digital asset economy, and it鈥檚 only growing. The amount of crypto assets custodied is expected to reach at least $16T by 2030, and moreover, 10% of the world鈥檚 GDP is expected to be tokenized by 2030. As such, companies need secure, compliant, and flexible options to store their crypto.”
Additionally, Ripple introduced hardware security module (HSM) options and pre-configured policy frameworks to meet the growing demands of the digital asset economy.
This expansion aligns with the increased integration of blockchain in traditional finance, following a major announcement by Swift, which has sparked discussions around the inclusion of digital assets in global payments. Although Swift did not mention XRP directly, Ripple’s recent developments position it to benefit from this broader trend.
Growing Market Adoption and Regulatory Compliance
Ripple’s custody service has already gained significant traction, reporting a 250% increase in new customers year-over-year. The platform now serves leading financial institutions and crypto businesses across major markets, including the U.S., U.K., and Singapore.
Aaron Slettehaugh, SVP of Product at Ripple, emphasized the platform鈥檚 security and compliance standards, stating in the announcement,
鈥淩ipple鈥檚 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.锟?/p>
To further strengthen regulatory compliance, Ripple has partnered with Elliptic to offer transaction screening services, enabling real-time monitoring and risk assessment.
Monica Long, Ripple鈥檚 CEO, emphasized the company鈥檚 enterprise-grade capabilities, highlighting partnerships with major banks like DBS, SocGen-FORGE, and BBVA. As the global custody market is expected to reach $16 trillion by 2030, Ripple鈥檚 enhanced offerings are poised to provide the secure and flexible solutions required for the rapidly expanding tokenized economy.
As of now, at the time of writing, Ripple (XRP) is trading at $0.5372, up 0.10% in the past day and down 0.83% in the past week.
