Ripple Strengthens Custody Business in South Africa, Partners with Major Financial Institution Absa Bank

On the 15th, U.S.-based Ripple announced a strategic partnership with South Africa's Absa Bank to provide digital asset custody services to the bank's customers. Absa becomes Ripple's first major custody partner on the African continent. Absa Group Limited is one of the largest comprehensive financial services groups in Africa, listed on the Johannesburg Stock Exchange. The bank will utilize Ripple's institutional-grade custody technology to offer its customers secure and scalable storage services for cryptocurrencies and other tokenized assets. Ripple's global custody network...