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 enables Absa to adopt Ripple's blockchain infrastructure and offer secure storage solutions for tokenized assets, including cryptocurrencies.
The move is seen as a significant development in the traditional banking sector's engagement with cryptocurrencies in Africa.
It marks Ripple’s first major custody partnership in Africa and is in response to an accelerating demand in emerging markets for reliable, compliant digital asset infrastructure.
Absa's partnership with Ripple highlights the growing importance of custody in financial infrastructure.
Author's summary: Absa partners with Ripple for digital asset custody in South Africa.
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