Ripple and SettleMint Partner to Simplify Tokenized Asset Management for Banks

In Brief:

• Ripple and SettleMint combine custody and lifecycle tools, helping regulated institutions manage tokenized assets within one governed operating environment securely.
• The partnership begins in Asia, with expansion planned as financial institutions increase adoption of tokenized products across regulated markets worldwide.
• BCG projects tokenized real-world assets could reach $88 trillion by 2035, while unprepared banks risk substantial profit reductions by then.

Ripple and SettleMint have partnered to help regulated financial institutions manage tokenized assets through one integrated system. According to the announcement, the partnership combines Ripple Custody with SettleMint’s Digital Asset Lifecycle Platform, known as DALP.

This integration enables institutions to custody, issue, govern, settle, and service tokenized assets throughout their operational lifecycle. Banks often depend on separate providers for custody, issuance, compliance, settlement, and servicing. However, that approach can create reconciliation gaps and increase operational complexity.

Ripple Custody helps banks, fintech companies, and corporations secure digital assets, stablecoins, and tokenized real-world assets. Moreover, Ripple expanded through partnerships with Securosys and Figment, an integration with Chainalysis, and its Palisade acquisition. Meanwhile, SettleMint developed DALP for financial institutions, market infrastructure operators, and sovereign organizations entering tokenized markets.

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Integrated Platform Targets Institutional Tokenization Demand

DALP supports programs across North America, Europe, Asia Pacific, and the Middle East. Unlike systems centered mainly on token creation, DALP manages digital assets through every stage following issuance. Consequently, institutions can handle compliance, permissioning, settlement, custody, and servicing within one governed environment.

Ripple and SettleMint have introduced their partnership offering where institutions increasingly explore tokenized financial products. Both companies plan to expand into other markets as regulated demand develops.

Ripple Asia Pacific Managing Director Fiona Murray highlighted demand for solutions that avoid disconnected custody, issuance, and governance systems. Ripple Custody holds and governs assets, while SettleMint manages their lifecycle through DALP. Additionally, the partnership provides compliance and permissioning controls required by institutions operating under frameworks.

Tokenized Assets Could Reshape Banking Revenue

Boston Consulting Group expects tokenized real-world assets to reach $88 trillion by 2035. Its May 2026 report described digital assets as a fundamental restructuring of financial infrastructure. Furthermore, the report warned that banks failing to adapt could experience a 30% reduction in profits by 2035.

Banks could develop revenue streams through tokenized funds, automated collateral mobility, and advanced custody solutions. Ultimately, the partnership offers regulated institutions one framework for securing, issuing, governing, and servicing tokenized assets across multiple markets while reducing fragmentation overall.

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