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.
The partnership will utilize Ripple's blockchain infrastructure to offer secure storage solutions for tokenized assets, including cryptocurrencies.
The move marks a significant turning point in how traditional banks in Africa engage with cryptocurrencies and the tokenisation wave.
- The partnership is Ripple's first major custody collaboration in Africa.
- It responds to the growing demand in emerging markets for reliable and compliant digital asset infrastructure.
Author's summary: Absa partners with Ripple for digital asset custody in South Africa.