Ripple wants to expand its action to the custody of funds
The crypto sector platform Ripple wants to venture into the financial sector, with custody services
In a sign of openness towards new horizons, Ripple enters the asset custody service for financial institutions.
The crypto platform wants to move towards a broader and more comprehensive offer to safely store its clients’ digital assets.
Without a doubt, it is a way to maintain its participation in the cryptocurrency sector in a solid way, “offering innovative solutions that meet the needs of both companies and consumers.”
It is expected that this strategic move will provide a strong boost to the adoption of XRP, as well as “other cryptocurrencies, by traditional financial institutions.”
Regarding Ripple’s proposal, it is expected to provide a variety of tools and solutions to operate in the cryptocurrency space. Flexibility is also important, as by offering customized custody services, “as shared or fully managed solutions, Ripple could adapt to the diverse needs and risk profiles of financial institutions.”
According to the platform, asset custody has grown rapidly. Ripple Custody, its division in this area, has gained clients by more than 250 % in the last year and operates in seven countries, in key financial institutions such as HSBC and DBS Bank.
M.Pino
Source: cointelegraph
(Reference image source: Austin Distel in Unsplash)
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