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- Ripple moves into institutional asset custody with its latest trademark application.
- The XRP Ledger may see increased transaction volume due to Ripple Custody.
- Ripple could introduce a digital wallet as part of its expanding ecosystem.
Ripple has officially applied for a trademark for “Ripple Custody” in the United States. The application, filed on February 25, 2025, is yet to be assigned to an examiner.
The upcoming service will deliver protected storage capabilities that deal with digital and conventional currency assets. The service will serve banking and corporate institutions as its primary clientele.
The marketplace dedicated to digital asset custody solutions rapidly expanding because institutions show increased interest in digital assets. According to market forecasts, the industry value will surpass $20 trillion, thus providing Ripple with an opportunity to profit from this growing sector.
A Ripple trademark application reveals that the company aims to build available downloadable and online cloud-based software. The tools will create methods to ensure safe storage and management of assets while strengthening current institutional security platforms.
Ripple Custody’s Impact on the XRP Ledger
Ripple Custody will enhance the XRP Ledger performance by providing custody services to increase transaction activity. The company plans to extend its ledger asset support to include tokenized securities and derivatives.
The security framework of Ripple Custody will operate through MPC combined with HSM. The security improvements ensure that stored assets remain protected through active security methods supporting institutional clients’ access requirements.
Documents indicate that Ripple plans to develop digital wallet services in their expanding product range. The software available within the trademark application demonstrates downloadable options for handling and shifting digital and fiat currencies, which suggests that Ripple may develop its proprietary wallet system.
The development of a wallet platform by Ripple would create new transaction fee revenue streams for the company. The move would support Ripple’s ongoing effort to expand its digital asset operations across the market.
The cryptocurrency XRP receives support from multiple established corporations, including Ledger, Trezor, and Trust Wallet. A wallet built by Ripple for its ecosystem would present customers with specialized digital payment functionality.
The entrance of Ripple into the custody business sector demonstrates its plan to move away from its core financial services operations. The company plans to position itself as an essential industry leader in the transforming digital landscape because institutional adoption grows.
Ripple’s filing of a trademark functions as a strategic corporate move to expand its market dominance. Secure storage solutions and enhanced digital asset management through Ripple Custody would motivate institutional organizations to utilize the company’s technology more frequently.
Also Read: Ripple CEO Highlights White House Crypto Summit as Key Turning Point
