BlockBeats reported on October 10 that according to CNBC, the US blockchain startup Ripple took an important step in the field of cryptocurrency custody on Thursday, launching a new service designed to help banks and fintech companies store digital assets for their customers.
The San Francisco-based company told CNBC it launched a series of features that enable its banking and fintech clients to store and safeguard digital tokens â a new business for Ripple under its newly formed Ripple Custody unit.
These features include pre-configured action and policy settings, integration with Rippleâs 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, known primarily for its XRP cryptocurrency and RippleNet platform, diversify beyond its core payment settlement business.
