Ripple Introduces Institutional-Grade Crypto Custody Solution

Ripple has introduced significant updates to its Ripple Custody platform, enhancing its bank-grade security. The new features include transaction screening service integration. Expanded hardware security module (HSM) options, and XRPL integration for tokenizing real-world assets (RWA).

These updates enable businesses to manage a wide range of assets, including cryptocurrencies, fiat currencies, and RWAs, while ensuring secure transfers and digital asset issuance.

The platform’s new compliance integrations are scheduled to launch in December 2024, with full availability expected by early 2025. These advancements position Ripple Custody as a more robust solution for businesses looking to securely handle digital and real-world assets.

Clever Robot News Desk 12^th October 2024