Ripple Expands Ripple Custody Features to Serve Crypto Businesses

• Ripple Custody expands secure digital asset storage for fintech and crypto businesses.
• XRPL integration enables tokenization and low-fee trading of digital and real-world assets.
• New compliance tools and HSM options boost security, streamlining custody for crypto firms.

Ripple has introduced new features to its Ripple Custody platform, enhancing its capabilities for fintech and crypto businesses. Originally designed for major financial institutions like DBS, Societe Generale – FORGE, and BBVA, Ripple Custody is now expanding its offering to accommodate the needs of growing cryptocurrency and fintech companies. 

A key feature of the update is integrating advanced security and compliance tools. Ripple Custody now includes a transaction screening service through a partnership with Elliptic, providing real-time monitoring of transactions. 

This feature helps businesses assess risks and make decisions based on clearly defined policies, meeting regulatory requirements more effectively. Compliance services are set to expand further in 2025, offering increased support for companies in navigating the evolving digital asset regulations.

Additionally, Ripple has introduced multiple hardware security module (HSM) options, including AWS CloudHSM, which offers flexibility for customers to choose cloud-based security solutions that best fit their operational needs. These enhancements reflect Ripple’s commitment to providing secure, scalable solutions tailored to various business requirements.

One of the most significant updates is the integration of the XRP Ledger (XRPL) into Ripple Custody. This integration allows businesses to tokenize and manage a wide variety of assets, from cryptocurrencies to real-world assets (RWAs), on the XRP Ledger.

The update also provides access to the XRPL’s decentralized exchange (DEX), enabling low-fee, efficient trading of tokenized assets.

Ripple Custody’s support for XRPL also opens up opportunities for asset tokenization, a growing trend in the digital economy. The platform allows businesses to issue digital assets and manage secure transfers directly, making unlocking liquidity and participating in the broader digital asset ecosystem easier.

To streamline the user experience, Ripple Custody now offers pre-configured operational and policy frameworks designed to simplify the platform’s deployment and maintenance.

These frameworks make it easier for companies to implement and manage digital asset custody solutions by reducing the complexity of setup and compliance tasks.

Ripple Custody has seen rapid growth, with a 250% increase in new customers year-over-year. The platform is available in key financial markets, including the United States, Singapore, Hong Kong, and several European countries.