Ripple and Futureverse Partner to Enhance Secure Digital Asset Custody Solutions

• Ripple partners with Futureverse to enhance secure digital asset custody for Web3 applications.  
• XRPL’s programmability expands with upcoming smart contracts and EVM Sidechain integration.
• Ripple Custody poised to meet rising demand as crypto market nears $10 trillion by 2030.

Ripple, a leading digital asset infrastructure provider, has announced to join his efforts with Futureverse, a prominent AI and metaverse technology company, to enhance secure digital asset custody solutions. The collaboration aims to bolster the security of digital assets for institutional adoption, particularly in the Web3 space.

The partnership will see Futureverse integrate Ripple Custody into its operations. This move is driven by Ripple’s advanced security features and capabilities, designed to protect customers’ digital assets. 

Futureverse, which has already adopted the XRP Ledger (XRPL) NFT standard, will now use Ripple Custody to ensure that cryptocurrencies are safely stored before being minted on its self-developed Ottó blockchain. This integration is expected to support Futureverse’s goal of providing secure, compliant, Know Your Customer (KYC) verified access to decentralized finance (DeFi).

The cooperation between Ripple and Futureverse comes as the crypto custody market is projected to reach nearly $10 trillion by 2030. As digital assets gain traction, secure and institutional-grade custody solutions become increasingly critical. 

With its state-of-the-art governance framework, Ripple Custody is positioned to meet this demand, safeguarding a wide array of digital assets, including stablecoins and tokenized real-world assets.

In addition to the partnership, Ripple and the broader XRP community are committed to expanding programmability on the XRP Ledger. 

Two key developments are on the horizon, the introduction of native smart contract capabilities on the XRP Ledger Mainnet and the launch of the XRPL EVM Sidechain. These advancements are expected to enhance the platform’s ability to support a wide range of applications, particularly in the decentralized finance sector.

The XRPL EVM Sidechain, developed in collaboration with Peersyst, will bring Ethereum Virtual Machine (EVM) compatibility to the XRP community. This sidechain will allow developers to use familiar tools and programming languages, broadening the XRP Ledger’s appeal. 

Additionally, the integration of Axelar as a bridge will facilitate seamless transactions between the XRPL EVM Sidechain and over 55 other blockchains, further enhancing the platform’s capabilities.