Absa CIB Launches Digital Asset Custody Built on Ripple Technology
- —Absa CIB launched a custody service for South African institutions on Ripple technology
- —The Absa-Ripple partnership was first announced on Oct. 15, 2025
- —The service offers bank-grade private key management and compliance controls
- —Client numbers, supported assets and financial terms were not disclosed
Why it matters: It expands Ripple's institutional custody footprint in Africa, though it does not create new demand for XRP.
Source: The Coin Republic
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