Ripple partners with South Africa's Absa Bank for institutional asset custody
Ripple extends its blockchain solutions into Africa as regulatory changes accelerate institutional digital asset adoption in South Africa.
Key Takeaways
- Ripple partners with Absa, a major South African bank, to deliver institutional-grade digital asset custody services.
- The partnership strengthens Ripple's presence in emerging markets, especially following recent collaborations in the Middle East.
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Ripple, a blockchain company, has partnered with Absa Bank, a major African bank, to provide institutional-grade digital asset custody services. Today’s collaboration enables secure digital asset custody solutions in the South African market.
The partnership expands Ripple’s presence in emerging markets, following its recent collaboration with Bahrain FinTechBay to build secure digital asset ecosystems in the Middle East.
Africa has seen increased adoption of stablecoins for cross-border payments, with Ripple working with platforms like Chipper Cash, VALR, and Yellow Card to enhance financial accessibility across the continent.
Ripple continues advancing blockchain solutions for payments, custody, and stablecoins as South Africa’s regulatory progress enables institutional adoption of digital asset infrastructure.
