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 service is expected to offer secure custody solutions for cryptocurrencies and fiat currencies. It will cater primarily to institutional clients, including banks and large corporations.
The custody market is experiencing rapid growth, with institutions increasingly adopting digital assets. With projections estimating the market to exceed $20 trillion, Ripple is positioning itself to capitalize on this expanding sector.
The trademark filing details Ripple’s plans to develop downloadable and cloud-based software. These tools will facilitate secure asset storage and management, enhancing institutional security measures.
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Ripple Custody’s Impact on the XRP Ledger
Ripple Custody is expected to strengthen the XRP Ledger by increasing transaction volume through its custody services. The company may also expand asset support on the ledger, including tokenized securities and derivatives.
Ripple Custody security features will combine Multi-Party Computation (MPC) capabilities with Hardware Security Modules (HSM) functions. The security updates protect stored assets through strong security measures that enable institutional clients to maintain access to these assets.
According to the document, Ripple will likely release a digital wallet soon. The trademark application provides downloadable digital and fiat currency transfer software, signaling potential development for an internal wallet solution.
A Ripple wallet introduction will open new revenue streams for the company by charging transaction fees. The proposed move advances its initiatives for expanding digital asset operations throughout the market.
Several established companies, such as Ledger, Trezor, and Trust Wallet, already support XRP. A Ripple-branded wallet would provide users with an alternative tailored to the company’s ecosystem.
Ripple’s expansion into the custody market signifies its intent to diversify beyond financial services. As institutional interest in digital assets grows, the company aims to position itself as a key player in the evolving landscape.
The trademark filing serves as a strategic move for Ripple to increase its market influence. With secure storage solutions and enhanced digital asset management, Ripple Custody could drive greater institutional adoption of its technology.
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