Ripple
October 10, 2024
Ripple Unicorn News - October 11, 2024
Ripple Labs has announced an expansion into bank-grade crypto custody and storage services, featuring enhanced security measures and compliance functionalities. These services are tailored to meet the needs of banks and fintech firms, marking a significant advancement in institutional-grade crypto solutions.
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() Ripple Expands into Bank-Grade Crypto Custody and Storage Services
Ripple Labs has announced a substantial enhancement of its cryptocurrency custody services, aimed at providing advanced security and compliance features for institutional clients. As of October 10, 2024, the new offerings include bank-grade features such as hardware security module options, pre-configured operational and policy settings, and sophisticated anti-money laundering monitoring capabilities. The platform also boasts a streamlined user interface and allows clients to tokenize real-world assets on the XRP Ledger. Furthermore, Ripple's services now include access to a decentralized exchange with low-fee trading options. These enhancements are specifically designed to meet the needs of banks and financial technology firms, reflecting the growing demand for secure, institutional-grade crypto solutions. Ripple plans to introduce additional compliance integrations to select clients by December 2024, with a wider rollout expected in early 2025. This strategic move underscores Ripple's commitment to advancing crypto services for institutional clients, providing them with comprehensive and secure digital asset management solutions.
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