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 utilize Ripple's blockchain infrastructure for secure storage of tokenized assets, including cryptocurrencies.
- The move signifies a potential shift in how traditional African banks interact with cryptocurrencies and tokenization.
- It highlights the growing importance of custody in financial infrastructure.
Ripple's first major custody partnership in Africa, driven by increasing demand for reliable digital asset infrastructure in emerging markets.
Author's summary: Absa partners with Ripple for digital asset custody in South Africa.