Ripple Targets Crypto Custody Sector with New Institutional-Grade Plans

Ripple files trademark for “Ripple Custody,” aiming to offer secure storage for digital and fiat currencies to institutional clients

The service will include advanced software and security tools like MPC and HSM, designed for secure asset management

Ripple Custody may expand XRP Ledger use, supporting tokenized assets and boosting institutional engagement in digital finance.

Ripple Labs has filed a trademark application for the name “Ripple Custody” in the United States, revealing its intention to offer digital asset storage solutions for institutions. The application was submitted on February 25, 2025, and is awaiting examination by the United States Patent and Trademark Office.

Through their filing Ripple demonstrates their plan to expand business operations more extensively than their core financial services. The service seeks large-scale banking institutions and corporations as its main clients to store both cryptocurrencies alongside standard fiat currencies.

Targeting a Growing Market Opportunity

The worldwide demand for secure establishments that manage digital assets shows no signs of slowing down because investors show rising commitment to virtual currency technology. Data storage segments predict a future revenue potential above $20 trillion which gives Ripple an excellent opportunity to bolster its standing within the financial domain.

Through the application Ripple declares its plan to create downloadable in addition to cloud-based software tools. These products enable secure asset management and transfer in addition to storage both digital and fiat assets thus showing the company's dedication to serve institutional requirements using scalable software solutions.

Security Features Aim to Attract Institutions

Ripple Custody aims to protect assets through its implementation of Multi-Party Computation and Hardware Security Modules as advanced security features. The security features intend to satisfy security standards demanded by institutional clients transferring large values.

Ripple Custody will enhance both transaction volume and enable broader asset support features for XRP Ledger while acting as its supporting infrastructure. By taking this step the ledger will become a versatile platform that can assist in processing both tokenized financial instruments like securities and derivatives.

Wallet Functionality Hinted in Filing

The trademark document also references downloadable software for holding and transferring various types of currencies. This language suggests Ripple may be preparing to launch a proprietary cryptocurrency wallet to further support its custody services.

Although Ripple has not officially confirmed plans for a wallet product, this move could open new income channels through transaction fees. It also places Ripple in a competitive position among other wallet providers that already support XRP.

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