Ripple Expands Institutional Custody Offering with New Partnerships and Capabilities

TLDR Ripple expands its custody services through new partnerships with Securosys and Figment. Ripple’s collaboration with Securosys introduces CyberVault HSM and CloudHSM. Ripple’s Custody now supports a wide range of HSM providers, ensuring seamless compliance across various regulatory jurisdictions. The partnership with Figment allows Ripple to offer staking for Proof-of-Stake networks like Ethereum and Solana directly in custody workflows. Ripple’s new features, including staking and enhanced security, position the company to meet growing institutional demand for digital asset services. Ripple has announced a series of strategic partnerships to enhance Ripple Custody, reinforcing its position as a leading digital asset custody solution. New collaborations with Securosys and Figment, along with recent integrations with Chainalysis and the acquisition of Palisade, expand Ripple Custody’s functionality. These moves aim to accelerate time-to-market, simplify procurement, and provide regulated institutions with scalable solutions. Ripple’s New Custody Capabilities for Institutional Clients Ripple’s partnership with Securosys introduces CyberVault HSM and CloudHSM capabilities, allowing institutions to deploy hardware security modules (HSM) for custody solutions. The new offerings eliminate the complexity and high costs traditionally associated with HSM-based custody. With both on-premise and cloud options, customers can meet their specific security needs while maintaining high levels of protection. According to Robert Rogenmoser, CEO of Securosys, the integration of CyberVault HSM with Ripple Custody provides a ready-to-deploy enterprise-grade solution. This solution allows institutions to maintain full control over their cryptographic keys while offering scalable and cost-effective custody options. Ripple now supports one of the broadest ranges of HSM providers, ensuring compliance across various regulatory environments. Partnership with Figment to Enhance Staking...