Ripple (XRP) has recently announced the establishment of a dedicated custody division as part of its business diversification strategy. This move expands its cryptocurrency custody offerings to banking and fintech clients. Ripple Custody currently operates across seven countries, with notable customers including global banking giants HSBC, BBVA, Societe Generale, and DBS. With the launch of this new division, Ripple aims to capitalize on the growing tokenization of real-world assets (RWAs). The company believes that tokenization will play a significant role in the future of finance, and Ripple Custody is well-positioned to support its clients in this emerging market. In addition to custody services, Ripple Custody also plans to offer a range of other services, including trade execution, settlement, and asset management. These services will be available to both institutional and retail clients, and Ripple Custody will leverage the security and scalability of Ripple Ledger (XRPL) to provide a seamless and efficient experience.