Ripple Labs has enhanced its custodial services with new features and compliance functionality, bringing bank-grade security to crypto custody. 🛡️ Announced on October 10, the updates include hardware security modules (HSMs) 🖥️, pre-configured policy settings ⚙️, and advanced AML monitoring 🕵️‍♂️ to ensure regulatory compliance. Ripple has also improved its user interface for easier navigation. 🖱️📊

Clients can now tokenize real-world assets 🌍 like fiat currencies 💵 and access a low-fee decentralized exchange (DEX) 💱 on the XRP Ledger. Aaron Slettehaugh, Ripple's SVP of Product, emphasized the platform’s role in supporting fintech 🚀 and crypto businesses with security 🔐 and compliance ✅.

By early 2025 📅, Ripple plans broader feature availability and pre-configured policies 📜. This positions Ripple to tap into the growing custody market, expected to reach $16 trillion by 2030. 📊 Ripple's acquisitions of Metaco and Standard Custody 🏦 boosted its custody business, which saw a 250% customer growth 📈. Major clients include BBVA 🇨🇭, Societe Generale 🇫🇷, DBS 🇸🇬, and more. 🌐