Ripples Custody Platform Upgraded: New Tools for Fintech and Crypto Firms
- Ripple launches new features under Ripple Custody to help banks and fintechs store digital tokens.
- The upgrades include tools for security, compliance, and tokenization of real-world assets.
- It supports XRP Ledger tokenization and is gaining significant customer growth globally.
Ripple has unveiled a series of new features aimed at bolstering its Ripple Custody platform, marking a notable expansion into crypto custody services. With the growing demand for secure and compliant ways to manage digital assets, the new updates target both fintech and crypto-native businesses.
Among the recently added are transaction screening services, additional security options, and even an XRP Ledger for tokenizing real-world assets. Crypto custody services range from ultra-cold storage to advanced, multi-authorization wallet management solutions, as more companies jump into the digital asset economy.
The updates to Ripple Custody are cut out for institutional demands in secure storing, transferring, and managing of tokenized assets. The blockchain platform is bank-grade in design, the company said, for the highest degree of global financial institution trust.
Enhancements Target Security and Tokenization
This is about offering integrations like AWS CloudHSM that can grant customers greater flexibility around managing security. Secondly, it provides pre-configured operational and policy frameworks with the intention to make it easy with regard to onboarding.
It is also going to give businesses the capability of deploying Ripple Custody with much ease to ensure that businesses can scale out easily without getting bothered by technical difficulties. Another high point is the XRP Ledger integration, which allows for easy tokenization and management of various assets, both cryptocurrencies and fiat currencies.
This opens new avenues for companies that want to unlock liquidity by trading on XRPLs decentralized exchange at minimal cost. Compliance, however, is not the least of the things being looked at, with the company continuing to add the services of Elliptic transaction screening for real-time risk detection and further building trust.
Ripple Custody Rises with 250% Growth
Ripple Custody is one of the fastest-growing custodial platforms, experiencing 250% year-over-year customer growth. Its solutions are already live in some of the most important financial hubs, including Switzerland, the U.S., and Singapore. Top-tier clients like BBVA Switzerland and Societe Generale FORGE already trust Ripple Custody for their secure digital asset management.
Later, the company is planning full compliance integrations to take place throughout December 2024, with broader availability in early 2025. Such efforts put the company in the leading position of digital assets companies and contribute a lot to the development of tokenized finance.
Related Reading | XRP Consolidation: Will Key Support Level Trigger The Next Big Move?
Read more: https://www.tronweekly.com/ripples-custody-platform-upgraded-new-tools/
Text source: TronWeekly
