Ripple launches Ripple Custody service for storing digital assets with XRP Ledger support and 250% client growth 📈

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American blockchain company Ripple has launched a new service, Ripple Custody, which will help banks and fintech companies store digital assets. Among the features are integration with the XRP Ledger blockchain platform, AML risk monitoring, and a user-friendly interface.

This expands Ripple's activities beyond payment systems. Integration with the XRP Ledger provides access to a decentralized exchange for trading digital assets without intermediaries and with low fees.

Custodial services are growing rapidly, with a 250% increase in clients over the year. Among the clients are HSBC, Societe Generale, and DBS. Ripple also allows the tokenization of real-world assets such as currencies, gold, and real estate using the XRP Ledger.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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