YEREVAN (CoinChapter.com) — Ripple has filed a trademark application for “Ripple Custody” with the United States Patent and Trademark Office (USPTO). The filing, submitted on February 25, is still awaiting assignment to an examiner.
This move signals Ripple’s deeper involvement in digital asset custody, a sector expected to surpass $20 trillion as institutional interest grows. The company has already taken steps to expand its custody infrastructure by acquiring Metaco and Standard Trust, both known for their secure asset storage solutions.
Ripple Custody’s Key Features
The Ripple Custody filing describes downloadable and cloud-based software designed to protect cryptocurrencies and fiat currencies. The service will provide tools for storing, transmitting, and managing both digital and traditional assets.
According to the filing, the service includes:
- Peer-to-peer data transmission for asset transfers
- Secure financial management tools for fiat, virtual, and digital assets
- Advanced security measures, including Multi-Party Computation (MPC) and Hardware Security Modules (HSM)
The Ripple Custody initiative aims to serve institutional investors, ensuring secure custody services that integrate with Web3 applications and support real-world asset (RWA) tokenization. The system also offers 24/7 secure settlement and seamless asset transfers for clients requiring high-security storage solutions.
Institutional Expansion and Regulatory Developments
Ripple has been expanding its reach beyond custody. The company recently received regulatory approval from the Dubai Financial Services Authority (DFSA), becoming the first blockchain-based payment provider to gain this status.
The Ripple Custody service is expected to enhance institutional asset management, offering a custodial framework that aligns with security and compliance standards. As more financial institutions explore crypto custody, Ripple continues to develop its custodial services to meet market demands.
Ripple’s Legal Status and SEC Developments
While Ripple expands its digital asset custody services, its legal battle with the U.S. Securities and Exchange Commission (SEC) remains unresolved. Reports suggest that the SEC is considering whether to classify XRP as a commodity rather than a security.
This decision could impact Ripple’s regulatory landscape, potentially influencing Ripple Custody and its broader institutional offerings. The company remains engaged in legal proceedings as it strengthens its presence in crypto custody and financial services.
