Ripple has launched digital asset storage services for banks and fintech firms, consolidating its custody offerings under the new brand, Ripple Custody. The services, reported by CNBC today, integrate with Ripple’s blockchain platform, the XRP Ledger, and include features such as pre-configured operational settings and Anti-Money Laundering risk monitoring. This move aims to diversify Ripple's services beyond payment settlements and addresses the growing demand for crypto custody as more institutions explore digital asset investments. Ripple's custody arm has experienced significant growth, with a 250% year-on-year increase and operating in seven countries. Source: Cointelegraph
