Ripple Makes Waves with New Crypto Custody Services š
- Ripple has launched digital asset storage services for banks and fintech firms, consolidating its custody products under the brand "Ripple Custody."
- New features include integration with the XRP Ledger, pre-configured settings, and Anti-Money Laundering risk monitoring.
- Ripple's senior VP, Aaron Slettehaugh, stated these features aim to serve fintech businesses with scalable digital asset custody.
- Ripple Custody has seen 250% year-on-year growth, now operating in seven countries.
- Banks like Standard Chartered and Taiwan's Financial Supervisory Commission are also diving into crypto custody services.
