Ripple has announced significant enhancements to its custody platform, introducing new security, compliance, and staking capabilities aimed at regulated financial institutions. The company has partnered with Securosys and Figment to streamline procurement and accelerate deployment for banks and custodians. Securosys provides CyberVault HSM and CloudHSM capabilities, enabling institutions to deploy hardware security module-based custody solutions both on-premises and in the cloud. This integration offers enterprise-grade security and compliance across multiple jurisdictions.
Additionally, Ripple's collaboration with Figment introduces staking within custody workflows, allowing institutions to offer staking for networks like Ethereum and Solana without managing validator infrastructure. These updates follow Ripple's acquisition of Palisade and integration of Chainalysis tools, enhancing real-time transaction screening and scalability. Ripple's senior vice president of product, Aaron Slettehaugh, emphasized that these enhancements reduce technology fragmentation and support faster deployment of digital asset services, reinforcing Ripple Custody's position as a leading solution for regulated financial institutions.
Ripple Enhances Custody Platform with Staking and Compliance Tools
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