ABSa Partners with Ripple for Digital Asset Custody
ABSa has partnered with Ripple to offer institutional-grade digital asset custody to institutional clients in South Africa.
The partnership will utilize Ripple's blockchain infrastructure to provide secure storage solutions for tokenized assets, including cryptocurrencies.
The move marks a turning point in how traditional banks in Africa engage with cryptocurrencies and the tokenisation wave.
This is Ripple's first major custody partnership in Africa, driven by the accelerating demand in emerging markets for reliable and compliant digital asset infrastructure.
Absa's adoption of Ripple's custody platform signals that custody is becoming a necessary component of financial infrastructure.
Author's summary: ABSa partners with Ripple for digital asset custody in South Africa.