- Ripple has enhanced its Ripple Custody solution by introducing tokenization of real assets through the XRP Ledger blockchain, allowing banks and fintechs to securely issue and transfer tokenized assets.
- The user interface has been optimized for a more intuitive experience with preconfigured operational settings and enhanced security standards through advanced compliance tools and a partnership with Elliptic.
- By unifying its offerings under a single brand, Ripple seeks to meet the growing demand for secure and compliant digital asset custody solutions, positioning itself as a key player in a rapidly evolving market.
Ripplinga company specializing in blockchain payments, is strengthening its offering for financial institutions with major improvements to its solution Ripple Custody.
Designed for support banks and fintech in digital asset management, this update introduces cutting-edge features including tokenization of real assets (RWA – Real World Assets).
In a booming sector where secure digital asset management is becoming essential, Rippling is positioned to offer a reliable and adaptable infrastructure to the specific needs of global institutions. These new features aim to meet the growing demand for compliant and secure custody solutions in the digital asset economy.
Tokenization of real assets and new features
One of the key announcements of this update concerns the introduction of tokenization of real assets through the blockchain Ledger XRP (XRPL). This feature allows customers to Ripplingwhether banks or fintechs, to securely issue and transfer tokenized physical or financial assets directly from the Ripple platform. In addition, users can access XRPL’s native decentralized exchange, which offers low-fee trading options for any tokenized asset.
This service represents a significant step forward for us institutions that seek to combine traditional assets and blockchain technology. With the ability to tokenize assets such as real estate, commodities or other financial instruments, Ripple Custody paving the way for wider adoption of digital assets within the traditional banking ecosystem.
Improved interface and strengthened security standards
In addition to tokenization, Rippling has worked to improve the user experience of its custody solution with a more intuitive interface and pre-configured operational settings, making it easier for new customers to onboard. These enhancements are designed to make digital asset management smoother and more accessible for banks and fintechs while meeting the most stringent compliance requirements.
Another essential accessory is integration of advanced compliance toolsincluding partnership with Ellipticalspecializing in monitoring crypto transactions to prevent illegal activities. A service is added to this transaction filtering and expanded capabilities for hardware security modules (HSMs), further strengthening standards for security and protection of digital assets.
Growth Strategy for Ripple Custody
Modernization Ripple Custody is part of a broader strategy to consolidate the company’s childcare products under one brand. By unifying your offers Rippling wants to offer its customers a critical software infrastructure for the management, security and transfer of various types of tokenized financial assets. This consolidation also allows Rippling to better meet the needs of fast-growing companies in the crypto and fintech sector by providing them with a scalable and robust solution.
Ripple’s escrow technology provides a unique platform for securing and managing digital assets with security and compliance standards trusted by the world’s leading financial institutions. With these new features, Ripple Custody expands its capabilities to better serve fast-growing businesses in the crypto and fintech industries.
Aaron SlettehaughVice President Product in the company Rippling
A fast growing market
The digital asset management industry is growing rapidly, and financial institutions are increasingly looking for reliable solutions to secure the private keys associated with these assets. According to a study by Boston Consulting Group (BCG), could reach crypto assets managed by depository services 16 trillion dollars by 2030. Moreover, it is expected that 10% of global GDP will be tokenized to this same year.
With real-world asset tokenization and robust digital asset custody features, Ripple Custody is positioning itself as a key player for banks and fintechs looking to enter the digital asset era. By offering safe and compliant solutions tailored to market needs, Rippling could well define the way institutions manage and interact with these new types of assets.
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