Ripple Custody Launches New Security, Tokenization, and Usability Features

Ripple, a global leader in digital asset infrastructure, has announced significant updates to its Ripple Custody platform, designed to meet the growing needs of fintechs and crypto-native businesses. These updates further enhance Ripple’s already robust, bank-grade custody technology, offering advanced security options, new integrations, and expanded support for real-world asset (RWA) tokenization.

The latest features, including transaction screening services, cloud-based hardware security module options, XRP Ledger integration, and an improved user interface, are positioned to help businesses secure, manage, and scale their digital assets as the crypto economy continues to grow.

A Platform Built for the Tokenized Future

Ripple Custody’s newest functionality addresses the rising demand for secure digital asset management solutions. According to industry forecasts, the amount of crypto assets held in custody is expected to reach $16 trillion by 2030. Additionally, with 10% of the world’s GDP projected to be tokenized by 2030, the need for flexible, compliant, and scalable custody solutions has never been greater.

“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,” said Aaron Slettehaugh, SVP of Product at Ripple. “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.”

Key Features of Ripple Custody
The updated Ripple Custody platform introduces a range of features that enhance its usability, security, and tokenization capabilities. Some of the key enhancements include:

Transaction Screening Services: Ripple Custody now integrates Elliptic’s transaction screening technology, providing real-time monitoring and risk assessment. This helps businesses meet regulatory requirements while ensuring that transactions comply with pre-defined risk policies.

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AWS CloudHSM Integration: Ripple Custody has simplified the onboarding and deployment process by allowing businesses to use cloud-based HSM options through Amazon Web Services (AWS). This provides greater flexibility and security for enterprises seeking to store and manage digital assets.

XRPL Integration for Tokenization: The integration with XRPL enables businesses to tokenize and manage a variety of assets, including cryptocurrencies, fiat currencies, and real-world assets. With this integration, companies can access XRPL’s native decentralized exchange (DEX) for seamless, low-fee trading of tokenized assets, unlocking liquidity, and new opportunities in asset management.

Pre-Configured Policy Frameworks: The platform now offers pre-configured operational and policy frameworks, streamlining the process for businesses to deploy and maintain secure custody solutions. These frameworks make it easier for organizations to get started and manage their digital assets in compliance with industry standards

Improved User Interface and Usability: Ripple Custody’s redesigned user interface enhances usability, making it more intuitive for users. The platform now supports external identity providers, allowing enterprises to integrate OAuth or OIDC-based login systems for added flexibility and convenience.

Supporting Growth Across the Digital Asset Ecosystem

Ripple Custody has been a critical tool for businesses entering the digital asset economy, and these latest updates underscore Ripple’s commitment to staying ahead of industry demands. Ripple’s custody solution supports a wide range of financial institutions and crypto-native businesses, with year-over-year customer growth exceeding 250%. Some of the major institutions already relying on Ripple Custody include BBVA Switzerland, Societe Generale – FORGE, DBS, and Archax.

Ripple Custody’s reach extends across key financial markets, including Switzerland, Germany, France, the United Kingdom, the United States, Singapore, and Hong Kong. Ripple’s solution is designed to meet the needs of both traditional financial institutions and crypto-focused businesses, providing the security and scalability required to manage tokenized assets in a compliant manner.

A Global, Regulated Solution

Ripple has over a decade of experience in the digital asset space, with 55+ regulatory licenses and registrations across various jurisdictions. As the regulatory landscape around digital assets evolves, Ripple Custody is positioned as a trusted solution for institutions looking for compliant digital asset management infrastructure.

New compliance integrations, such as the Elliptic transaction screening service, will be available to select customers in December 2024, with general availability in early 2025. Additionally, pre-configured policy frameworks are expected to be launched early next year, further simplifying digital asset management for businesses.

Ripple’s Vision for the Future of Custody
With these new enhancements, Ripple Custody is more than just a secure platform—it’s a comprehensive solution designed to help businesses capitalize on the growing opportunities in the tokenized economy. As demand for digital assets continues to rise, Ripple’s updated platform offers the critical infrastructure businesses need to securely store, manage, and scale their digital asset operations, ensuring they are prepared for the future of finance.

As Ripple continues to innovate in the digital asset space, it remains a key player in helping financial institutions and businesses worldwide unlock the potential of tokenization and digital asset management.