South Africa's Absa CIB Launches Bank-Backed Crypto Custody Powered by Ripple
- —Absa CIB launched the custody platform on September 21, 2026, using Ripple technology
- —The platform offers key management, approval controls and bank-grade compliance
- —Absa positions the service as a vault, not a trading venue
- —The launch extends Ripple's Africa push after BBVA and BNY Mellon custody deals
Why it matters: A major African bank entering institutional crypto custody expands Ripple's infrastructure beyond payments and stablecoins.
Source: CoinGape