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.
This move marks a significant turning point in how traditional banks in Africa engage with cryptocurrencies and tokenization.
Custody is becoming a "must-have" plumbing in financial infrastructure, and not a fringe experiment.
The partnership is Ripple's first major custody partnership in Africa, driven by accelerating demand in emerging markets for reliable, compliant digital asset infrastructure.
Author's summary: Absa joins Ripple for digital asset custody in South Africa.
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