Despite significant price drops in XRP, Ripple aims to solidify its leading position in the blockchain ecosystem.
At this point, Ripple is expanding its institutional digital asset custody services by forging new partnerships to strengthen its security infrastructure and broaden staking opportunities for large financial clients.
In its latest announcement, Ripple revealed collaborations with cybersecurity provider Securosys and staking infrastructure firm Figment.
Ripple stated that the integrations aim to reduce deployment complexity and support faster rollout of custody services for enterprise customers.
Ripple Offers Security for Corporate Custody!
Ripple will integrate high-security hardware security module (HSM) technology into its storage platform as part of a partnership with Securosys.
Corporate Staking in Custody Services for Corporate Clients!
Ripple’s collaboration with Figment will enable institutional clients using its custody platform to access staking services for proof-of-stake blockchain networks, including Ethereum (ETH) and Solana (SOL).
By offering staking as part of their custody workflows, financial institutions can participate in blockchain network validation processes and earn staking rewards without building their own validator infrastructure.
“Ripple Custody’s partnership with Figment offers secure, institutional staking opportunities to the largest banks and businesses.”
*This is not investment advice.