๐ Ripple Enters Crypto Custody Space! ๐
Ripple is diving into the crypto custody market, unveiling new services to help financial institutions manage crypto for clients. Their Ripple Custody division aims to be a key player, offering pre-configured settings, AML monitoring tools, and integration with the XRP Ledger.
Key Moves:
- Acquired Metaco & Standard Custody & Trust Company
- Operational in 7 countries, serving HSBC, Sociรฉtรฉ Gรฉnรฉrale, and DBS
- Plans to tokenize real-world assets and launch stablecoin RLUSD
Ripple is also expanding in Latin America, partnering with Mercado Bitcoin to offer cross-border payments in Brazil.
๐ฌ Thoughts on Ripple's new ventures? Comment below!
