Ripple has announced the expansion of its Ripple Custody services to include staking for Ethereum (ETH) and Solana (SOL), enhancing its offerings for institutional clients. This strategic move, in partnership with Figment and Securosys, aims to provide secure and compliant staking solutions, allowing institutions to offer staking rewards and potentially increase liquidity in these networks.
The collaboration with Figment, a leader in staking infrastructure, and Securosys, a security-focused provider, is designed to streamline access to staking rewards for financial institutions. By integrating these capabilities, Ripple enables banks and enterprises to participate in proof-of-stake networks more efficiently, opening new opportunities for growth and blockchain integration in the financial sector.
This expansion marks a significant step in Ripple's growing presence in the cryptocurrency space, aligning with the increasing institutional demand for secure staking options. As regulatory environments evolve, Ripple's enhanced custody services may better equip institutions to adapt securely to the changing landscape.
Ripple Expands Custody Services to Include Ethereum and Solana Staking
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