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<a href="https://timestabloid.com/expert-predicts-xrp-price-if-ripple-wins-the-appeal/">Ripple</a> has a strategic move to solidify its presence in the digital asset infrastructure sector. With its latest announcement, it is enhancing its custody services, positioning itself as a key player in the rapidly expanding $16 trillion custody market projected for 2030. 
The company introduced a range of new features for its Ripple Custody platform. These upgrades aim to provide secure, compliant, and user-friendly solutions for fintech companies, and crypto-native businesses. 
The new features are part of Ripple’s broader goal to address the increasing demands of the evolving digital asset economy. 
One of the most notable enhancements is the XRP Ledger (XRPL), which now enables businesses to tokenize and manage assets, including cryptocurrencies, fiat currencies, and real-world assets. 
This feature is complemented by access to XRPL’s native decentralized exchange (DEX), which offers efficient, low-cost trading of tokenized assets. 
<h2 id="b-enhancing-security-and-compliance-standards-b">Enhancing Security and Compliance Standards</h2> 
The company has ensured that Ripple Custody meets the high standards demanded by global banks and financial institutions. 
Aaron Slettehaugh, Ripple’s Senior Vice President of Product, <a href="https://ripple.com/ripple-press/ripple-brings-bank-grade-custody-solution-to-crypto-businesses/?utm_campaign=&amp;utm_medium=organic_social&amp;utm_source=twitter">highlighted</a> the platform’s security infrastructure, stating that it provides a single platform for managing digital assets with bank-grade security and compliance features. 
As part of its efforts to strengthen compliance measures, Ripple has partnered with Elliptic, a leading provider of blockchain analytics and risk management solutions. 
Through this collaboration, Ripple Custody users will benefit from integrated transaction screening services. These services allow businesses to monitor transactions in real-time, assess potential risks, and ensure regulatory compliance based on predefined risk policies. 
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<h2 id="b-custody-service-gains-global-adoption-b">Custody Service Gains Global Adoption</h2> 
Ripple Custody is gaining significant traction in global financial markets and the company reporting a 250% increase in new customers over the past year. 
The platform is now being used by top-tier banks, financial institutions, and crypto businesses across major financial hubs, including Switzerland, Germany, France, the United Kingdom, the United States, Singapore, and Hong Kong. 
Ripple Custody’s enterprise-grade solutions are already trusted by industry leaders such as DBS, Société Générale’s blockchain subsidiary FORGE, and BBVA. 
Among the key additions are new hardware security module (HSM) options, pre-configured policy frameworks, and an improved user interface that enhances usability for businesses handling digital assets. 
These new features are particularly timely, as the tokenization of assets is expected to grow exponentially in the coming years. 
Industry experts predict that by 2030, approximately 10% of the world’s GDP will be tokenized, creating a significant demand for secure and compliant custody solutions. 
Ripple aims to capture a significant share of the market with its enhanced custody services. Days before Ripple’s announcement, Swift, the global financial messaging network, revealed its plans to integrate regulated digital assets into its global payment services. 
Although Swift did not mention XRP specifically, the announcement underscores the growing interest in blockchain technology within traditional finance, fueling speculation about which digital assets might be incorporated. 
Monica Long, Ripple’s CEO, emphasized the importance of these developments for the company’s future. 
In a recent tweet, <a href="https://x.com/monicalongsf/status/1844457787302003148?s=46">Long noted</a> that Ripple Custody is now the go-to technology for some of the world’s largest banks, including DBS and BBVA. 
She also highlighted the introduction of operational and policy frameworks, additional security options, and the integration with Elliptic’s compliance services. 
Ripple provides the tools necessary for banks and businesses to store and manage their digital assets efficiently. With a growing customer base and an enhanced product offering, Ripple is set to play a pivotal role in the future of digital asset custody. 
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. 
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The post <a href="https://timestabloid.com/xrp-closer-to-global-banks-adoption-as-targets-16-trillion-custody-market/">XRP Closer to Global Banks Adoption As Targets 16 Trillion Custody Market</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.

XRP Closer to Global Banks Adoption As Targets 16 Trillion Custody Market

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