Ripple Expands Financial Services with New Custody, What’s the Impact?
Jakarta, Pintu News – Ripple Labs, known as a stablecoin issuer, is now expanding its reach by adding custody services to its portfolio.
According to a tweet by John Deaton, a crypto lawyer, this move is part of Ripple’s larger strategy. By offering custody services, Ripple aims to become a one-stop financial center that utilizes distributed ledger technology.
Check out the complete information in this article!
Why Ripple Adopted Custody Service
John Deaton revealed that Ripple’s decision to integrate custody services is a strategy to position itself as a comprehensive financial hub. The service is designed to attract financial institutions looking to adopt distributed ledger technology.
By providing custody solutions, Ripple enables these institutions to manage their digital assets more efficiently and securely. The custody services offered by Ripple not only enhance the security of digital assets but also facilitate smoother integration with existing payment services.
This opens up new opportunities for financial institutions to expand their operations in the growing digital ecosystem.
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Asset Tokenization: Ripple’s Next Step
According to John Deaton, Ripple is preparing to take a big step towards asset tokenization. With a strengthened custody infrastructure, Ripple plans to provide tokenization services for banks.
This will enable financial institutions to convert their traditional assets into digital tokens, thereby easing transactions and increasing liquidity. Asset tokenization is a growing trend in the financial industry, and by entering this arena, Ripple is putting itself at the forefront of innovation.
This service will not only benefit banks but also their clients by providing easier and more secure access to digital assets.
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Ripple (XRP) Price Outlook amidst Acquisition Wave
The wave of acquisitions made by Ripple has sparked enthusiasm among investors and speculators, who anticipate a rise in the price of Ripple in the coming months. Currently, the price of Ripple (XRP) is at $2.30, with a rise of almost 7% in the last day. This shows the market’s positive response to Ripple’s expansion strategy.
This price increase also reflects investor confidence in Ripple’s ability to integrate custody and tokenization services successfully. If Ripple can continue this momentum, there is great potential for further growth in the value of Ripple (XRP).
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Reference
- Coingape. John Deaton Explains Why Ripple is Expanding its Custody Infrastructure. Accessed on April 29, 2025
- Featured Image: Generated by AI
