Ripple launches new features to Ripple Custody
11 October 2024 US
Image: Green Creator/stock.adobe.com
Ripple, a provider of digital asset infrastructure, has launched new features and functionality to Ripple Custody, bringing the benefits of its bank-grade custody technology to fintechs and crypto natives.
The company says it now supports XRP Ledger (XPRL) tokenisation features, enabling businesses to tokenise and manage a wide range of assets, including cryptocurrencies, fiat currencies, and real world assets (RWA), while facilitating digital asset issuance and secure transfers directly from its platform.
This integration also provides seamless access to the XRPL’s native decentralised exchange (DEX) for efficient, low-fee trading of any tokenised asset, say the firms.
The latest update includes a transaction screening service integration, added hardware security module (HSM) options, an XRPL integration for tokenising RWA, pre-configured policy frameworks, and improvements to the platform's usability and user interface, notes the firm.
Aaron Slettehaugh, senior vice president of Product at Ripple, says: “Ripple’s custody technology offers a single platform for safeguarding and managing digital assets, designed with the security and compliance standards that top global banks and financial institutions have come to rely on.
“With new features, Ripple Custody is expanding its capabilities to better serve high-growth crypto and fintech businesses with secure and scalable digital asset custody.”
The company says it now supports XRP Ledger (XPRL) tokenisation features, enabling businesses to tokenise and manage a wide range of assets, including cryptocurrencies, fiat currencies, and real world assets (RWA), while facilitating digital asset issuance and secure transfers directly from its platform.
This integration also provides seamless access to the XRPL’s native decentralised exchange (DEX) for efficient, low-fee trading of any tokenised asset, say the firms.
The latest update includes a transaction screening service integration, added hardware security module (HSM) options, an XRPL integration for tokenising RWA, pre-configured policy frameworks, and improvements to the platform's usability and user interface, notes the firm.
Aaron Slettehaugh, senior vice president of Product at Ripple, says: “Ripple’s custody technology offers a single platform for safeguarding and managing digital assets, designed with the security and compliance standards that top global banks and financial institutions have come to rely on.
“With new features, Ripple Custody is expanding its capabilities to better serve high-growth crypto and fintech businesses with secure and scalable digital asset custody.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
