Ripple launches bitcoin and cryptocurrency custody tool for banks and companies

Ripple, a long-standing cryptocurrency market company that owns controlling stakeholder , has announced a new bitcoin custody service for interested banks and companies.$XRP

According to a release last Thursday (10), Ripple Custody is the new custody division for companies interested in the service.

The company also stated that its new functionality introduced new hardware security modules, an integration for tokenization of real-world assets (RWA), among other improvements.

Through the digital asset custody service, Ripple stated that it can securely store any tokenized asset in the world. According to the company, it will provide a solution “as secure as that of banks”.

In the release, Ripple also stated that the custody service is a fundamental part of the cryptocurrency market. Therefore, it is a product that is expected to grow more and more, with expectations of reaching US$16 trillion by 2030.

Showing optimism in its predictions, the owner of XRP also stated that 10% of the world's GDP will be tokenized assets on the blockchain in the next six years.