Ripple Custody, where Ripple, the issuer of XRP, provides crypto custody services, announced new features for banks and fintech companies. Real World Assets, also known as RWAs, have been added to these custody services that banks will perform on behalf of their customers.

Transfer and transactions of tokenised assets…

Thanks to this development, where the US-based company also brings tokenisation feature to XRP Ledger, digital assets can be easily created within the system and transferred from the Ripple platform. However, customers will also have access to XRP Ledger’s decentralised and low transaction fee exchange. In this way, any tokenised asset can be traded.

Security, audit and compliance…

In addition, improvements were made to the custody platform’s interface and usage. In partnership with Elliptic, a blockchain monitoring firm, regulatory compliance integration will also be ensured and customer controls and audits will be possible as of December. Through the Advanced Hardware Security Module (HSM), the security level demanded by major global financial institutions will also be provided.

“As Ripple Custody, we offer a single platform equipped with security and compliance standards and provide a system that can be used safely by banks and financial institutions globally,” said Aaron Slettehaugh, Ripple executive.