“Ripple Custody” Trademark Filed: Ripple Expands into Crypto Storage

• Ripple Custody aims to offer secure storage solutions for institutions in the growing custody sector.  
• Ripple’s custody services could drive more XRP Ledger transactions and expand asset types.  
• Ripple’s potential crypto wallet could diversify revenue streams and appeal to institutional clients.

Ripple has applied for the trademark “Ripple Custody” in the United States, indicating a move in its strategy to expand into the institutional asset custody sector. This filing, which was submitted on February 25, 2025, has yet to be assigned to an examiner.

The “Ripple Custody” service is intended to offer secure storage solutions for both cryptocurrencies and fiat currencies, targeting institutional clients such as banks and corporations.

By entering the growing custody sector, Ripple is looking to boost its revenue beyond its usual financial services offerings. With more institutions adopting digital currencies, the custody market is projected to top $20 trillion, presenting a significant opportunity for Ripple to increase its influence in the crypto world.

The trademark application indicates Ripple’s plan to develop both downloadable and cloud-based software. These tools will allow for the secure sending and management of both digital and traditional assets.

Ripple Custody will also incorporate advanced security measures, including Multi-Party Computation (MPC) and Hardware Security Modules (HSM), ensuring assets are managed with top-notch protection.

Related: Ripple Earns DFSA License to Expand Crypto Payment Solutions in UAE

How Does Ripple Custody Tie into the XRP Ledger?

Ripple Custody is expected to enhance the features of the XRP Ledger, potentially driving more transaction volume through its custody services. This could also allow Ripple to support a wider range of assets on the platform, such as tokenized securities or derivatives, further strengthening the XRP Ledger’s role in the financial world.

Ultimately, Ripple’s custody services will likely appeal to institutions in search of secure, scalable solutions for managing both digital and traditional assets. This could also lead to greater adoption of Ripple’s technology and integration with decentralized finance (DeFi) and Web3 applications.

Could Ripple Launch a Digital Wallet?

The trademark filing also mentions downloadable software for holding and sending various types of currency, including cryptocurrencies, fiat, virtual, and digital currencies. This could hint at Ripple considering the launch of its own cryptocurrency wallet.

Related: Ripple CTO David Schwartz Confirms XRP Sales Are Necessary to Fund Operations, Prioritizing Company Interests

While the company doesn’t currently offer such a service, a wallet would provide a new avenue for Ripple to earn transaction fees and broaden its offerings in the digital asset space. Several other companies, like Ledger, Trezor, and Trust Wallet, already support XRP and other cryptocurrencies.