Ripple Introduces Crypto Custody Service For Financial Institutions

According to Foresight News, Ripple has announced the launch of a new crypto custody service aimed at assisting banks and fintech companies in storing digital assets. This service includes integration with Ripple's XRP Ledger blockchain platform, anti-money laundering risk monitoring, and a user-friendly interface. Under the Ripple Custody brand, the company will offer tokenized real asset services and enable fast, low-cost transactions using the XRP Ledger. Additionally, Ripple has acquired Metaco and Standard Custody & Trust to further enhance its custody business.