Ripple (XRPUSD)

[europa7]

Ripple launches digital asset custody services for banks and fintech
October 10, 2024
"...Ripple’s move into crypto custody allows the company to diversify beyond its payment settlement business..."
https://cointelegraph.com/news/ripple-launches-digital-asset-custody-services

Ripple dives into crypto custody
"...The new features include integration with Ripple’s blockchain platform, the XRP Ledger, pre-configured operational and policy settings and Anti-Money Laundering risk monitoring. It also integrates a new user interface.

The move helps the company diversify its offerings beyond payment settlements. Apart from its XRP crypto asset, Ripple is known for its RippleNet platform, a distributed network that allows banks to share updates on the status of fund movements.

As more institutions eye digital asset investments, the demand for crypto custody grows. Custody service providers help institutions store their crypto by safeguarding their private keys. They also help customers trade and settle crypto payments, ensuring they comply with digital asset laws.

In a statement to CNBC, Ripple’s senior vice president of product, Aaron Slettehaugh, said that the new features expand Ripple Custody’s capabilities to serve fintech businesses with scalable digital asset custody.

The company also mentioned that custody is one of their fastest-growing businesses. The company said its custody arm enjoyed 250% year-on-year growth and now operates in seven countries..."

The Rise of Institutional Digital Asset Custody and Tokenization
December 20, 2023
https://mpcevent.com/the-rise-of-institutional-digital-asset-custody-and-tokenization/

What are digital assets and tokens?

"...When you think of a digital asset, you may picture cryptocurrencies like Bitcoin and Ethereum, or NFTs like those of Bored Ape Yacht Club. In reality, digital assets encompass much more. They are an emerging asset class that includes NFTs, crypto assets like digital currencies and stablecoins, and even central bank digital currencies (CBDCs). Real-world assets such as real estate, art, and precious metals can even become digital assets through the process of tokenization.

Tokenization simply means subdividing ownership of an asset, physical or digital, through digital tokens. These tokens can be traded and stored on a blockchain, and smart contracts help manage the fractionalized ownership rights. Tokenized versions of traditional financial products like equities, bonds, derivatives, and ETFs are also included in this new asset class..."

Derivatives body ISDA updates master agreement for tokenized collateral
January 3, 2024
https://www.ledgerinsights.com/isda-tokenized-collateral-derivatives/

"...The International Swaps and Derivatives Association (ISDA) has updated an annex to its master derivatives agreement to support the use of tokenized collateral. This step is important for the adoption of tokenization because of the massive size of the derivatives markets. The notional value of global derivatives is more than $700 trillion, although the gross market value is around $20 trillion.

Typically derivatives agreements require the parties to post margin, which can vary over time. Margin conventionally takes the form of bank balances, physical securities certificates, or assets held at a depository or custodian. ISDA has added clauses to support DLT-based cash and DLT securities..."

Ripple Integration With ISDA Ushers In $1.2 Quadrillion Market, Can XRP Breach $100?
January 2024
https://www.newsbtc.com/news/ripple-isda-xrp-100/

"...Earlier in August 2023, Ripple, a crypto payments solution, announced its membership with the International Swaps and Derivatives Association (ISDA). The strategic move came as a pleasant surprise to XRP community members, as it positioned XRP to fully partake in the massive $1.2 quadrillion derivatives market..."

interesting...institutional tokenized financial assets...derivatives market anyone?...very interesting...cheers

Ripple Custody for DeFi - Institutional Digital Asset Tokenization
https://ripple.com/solutions/digital-asset-custody/?utm_content=697835265791&utm_term=crypto%20custody&creative=697835265791&keyword=crypto%20custody&matchtype=p&network=g&device=c&utm_medium=ppc&utm_source=google&utm_term=crypto%20custody&utm_campaign=Custody-Search-Global-Non-Brand&hsa_acc=4920537092&hsa_cam=21239237194&hsa_grp=161750403339&hsa_ad=697835265791&hsa_src=g&hsa_tgt=kwd-559916726395&hsa_kw=crypto%20custody&hsa_mt=p&hsa_net=adwords&hsa_ver=3&gad_source=1&gclid=EAIaIQobChMIttTDrIeEiQMVCA-tBh1KfTSBEAMYAiAAEgKJ8fD_BwE