U.S. blockchain startup Ripple took a major step into the cryptocurrency custody space on Thursday, launching a new service designed to help banks and fintechs store digital assets for their clients.

Ripple said it will launch a range of features to enable its banking and fintech clients to store and maintain digital tokens — a new business under its newly formed Ripple Custody division. 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 compliance, and a new user interface that is easier to use and interact with. The move will help Ripple, primarily known for its XRP cryptocurrency and RippleNet platform, diversify beyond its core payment settlement business.