New Important Ripple (XRP) Partnership Targets Banks and Institutional Clients

The partnership gives institutions a unified system to issue, custody and manage digital assets. The offering has launched in Asia, but further expansion is planned as institutional demand grows. Ripple Labs and SettleMint have announced a strategic partnership that plugs Ripple Custody into SettleMint’s Digital Asset Lifecycle Platform (DALP), giving regulated financial institutions a single system to custody, issue and manage tokenized assets across their full lifecycle. Announced from Singapore, the offering has already commenced in Asia, and the companies plan to extend it to other markets as institutional demand develops. Beyond banks, the stack targets market infrastructure operators and sovereign entities, adding compliance, settlement and servicing to the custody and issuance layer so institutions can drop separate vendors for each function. “Financial institutions across Asia Pacific are putting digital assets to work. They are asking how to do more without stitching together separate solutions for custody, issuance and governance,” said Fiona Murray, Managing Director, Asia Pacific at Ripple. The Very Lucrative Tokenization Market The joint release cites Boston Consulting...