Ripple and SettleMint Unite for Tokenized Asset Custody

Ripple and SettleMint have formed a new partnership to streamline tokenized asset custody. The deal combines Ripple's Custody service with SettleMint's Digital Asset Lifecycle Platform (DALP), enabling financial institutions to manage digital assets more efficiently.

The merged platform aims to simplify the adoption of digital assets across the Asia Pacific region. According to Fiona Murray, Ripple's managing director for Asia Pacific, institutions want to deploy digital assets without juggling separate systems for custody and governance.

Ripple continues to expand its custody infrastructure through partnerships with Securosys, Figment, and Chainalysis. The company also plans to roll out the XRP Ledger v3.3.0 upgrade soon, which places tokenized real-world assets at the center of its roadmap.