Ripple Expands Ripple Custody Features To Serve Growing Digital Asset Market

📆 10/10/2024 01:48 p. m.
📰 Crypto_Potato

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Ripple has announced several new features for its Ripple Custody platform, aiming to enhance security and functionality for fintech and cryptocurrency users. The updates include a transaction screening service, additional hardware security modules (HSMs), integration with the XRPL for tokenizing real-world assets (RWAs), pre-configured policy frameworks, and improved usability.

The firm behind XRP has announced the launch of several new features and functionalities for Ripple Custody. With this, the company aims to improve its custody technology for fintech and crypto users.

Ripple said that custody is an essential aspect of the expanding digital asset economy. By 2030, the value of crypto assets in custody is expected to reach a minimum of $16 trillion, and it is estimated that 10% of the global GDP will be tokenized, according to a recentAmidst this anticipated growth in custody, the San Francisco-based blockchain company has reported significant progress within its own services with Ripple Custody.

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