Ripple Introduces Digital Asset Custody Services for Banks

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Ripple has recently launched a new service to help banks and fintech firms store digital assets.

The service, announced on October 10, offers features specifically designed to keep and manage digital assets for Ripple’s clientele in the banking and fintech industries.

This move is part of Ripple’s efforts to expand its newly created division and streamline its custody products under a single brand, known as Ripple Custody.

Some of the new features include integration with Ripple’s blockchain platform, the XRP Ledger, as well as pre-configured operational and policy settings and risk monitoring for Anti-Money Laundering purposes.

Additionally, a new user interface has been integrated.

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