Absa Partners with Ripple for Digital Asset Custody
Absa has joined forces with Ripple to provide institutional-grade digital asset custody to its clients in South Africa.
This partnership allows Absa to adopt Ripple's blockchain infrastructure, offering secure storage solutions for tokenized assets, including cryptocurrencies.
- The move marks a significant turning point in how traditional banks in Africa engage with cryptocurrencies and tokenization.
- It highlights the growing importance of custody in financial infrastructure.
Ripple's first major custody partnership in Africa is in response to accelerating demand in emerging markets for reliable, compliant digital asset infrastructure.
Author's summary: Absa partners with Ripple for digital asset custody in South Africa.
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