Ripple Partners with Absa Bank to Expand Digital Asset Custody in Africa
The crypto asset firm Ripple just announced a strategic partnership with a bank in South Africa.
Ripple says it’s teaming up with Absa Bank to deliver institutional-grade digital asset custody services.
This marks Ripple’s first major custody collaboration on the continent, enabling Absa to offer secure storage for crypto and tokenized assets amid rising institutional demand.
The partnership leverages Ripple’s scalable technology to meet regulatory and security standards, supporting Absa’s customers in exploring blockchain-based solutions.
Absa, which is one of Africa’s largest financial groups with operations in multiple countries, will integrate the custody offering through its Corporate and Investment Banking division.
According to Ripple’s 2025 New Value Report, 64% of Middle East and Africa finance leaders are now prioritizing faster payments via blockchain technology.
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cardano News Update: MoonBull's AI Wager—Will It Surpass Cardano and Ethereum by 2025?
- MoonBull's $590,000 presale gains traction as a 2025 crypto contender, leveraging AI features and community governance. - Cardano partners with Wirex to launch ADA-branded crypto payment cards, aiming to bridge blockchain and traditional finance. - NFT and memecoin markets show 12-11% weekly gains, while Ethereum and TRON compete with MoonBull for 2025 growth narrative. - Regulatory risks and macroeconomic pressures persist, challenging projects like JFrog and Bumble amid crypto market volatility.
Bitcoin Updates: China Challenges Validity of US $13 Billion Crypto Seizure
- China accuses U.S. of central role in 2020 LuBian $13B Bitcoin heist, alleging state-linked hacking involvement. - CVERC disputes U.S. seizure legitimacy, citing 4-year dormancy and 2024 government wallet transfers as atypical criminal behavior. - DOJ claims $13B seizure is "largest forfeiture in history," while China frames it as geopolitical strategy to undermine crypto influence. - Dispute highlights escalating U.S.-China tensions over digital asset governance and cross-border enforcement norms.
A former doctor has introduced Robyn, a compassionate AI partner
Cardano News Update: EMCD’s Crypto Card Connects Blockchain with Everyday Purchases
- EMCD launched a free crypto payment card enabling USDT spending via Mastercard , Apple Pay, and Google Pay, bridging digital assets to daily transactions. - Competitors like Exodus and Jour Cards introduced similar tools, targeting unbanked populations and expanding crypto utility for iTunes, gift cards, and global remittances. - Stablecoin transaction volumes hit $46 trillion in 2025, with 19% of crypto owners projected to use digital assets for payments by 2026, per eMarketer. - Traditional banks like
Trending news
MoreCrypto prices
More
