Ripple joins SettleMint to bring tokenized asset lifecycle under one roof

Ripple and SettleMint have partnered to create a single infrastructure solution for regulated institutions seeking to issue, custody and manage tokenized assets, combining Ripple’s custody technology with SettleMint’s lifecycle-management platform.

The integrated offering pairs Ripple Custody with SettleMint’s DALP, or Digital Asset Lifecycle Platform. The companies are positioning the solution as a way for banks and other regulated entities to manage digital assets from issuance through settlement and servicing without relying on separate vendors for each stage.

Ripple Custody is designed to provide institutional-grade security and governance for digital assets, stablecoins and real-world assets. Ripple has strengthened the platform over the past year with partnerships involving Securosys and Figment, a Chainalysis integration and the acquisition of Palisade, which the company says has helped simplify digital asset custody procurement for financial institutions and corporations.

SettleMint’s DALP provides a broader lifecycle-management layer. The platform is designed for regulated financial institutions, market infrastructure operators and sovereign entities, and is already being deployed across production and pre-production projects in North America, Europe, the Middle East and Asia Pacific.

DALP goes beyond token creation by providing a governed environment for managing tokenized assets after issuance. Institutions can use the platform for issuance, compliance, custody, settlement and servicing, with permissioning and other controls designed for regulated markets. The companies say the approach can reduce the need for multi-vendor setups and help close reconciliation gaps between different parts of the digital asset lifecycle.

The partnership has already begun rolling out in Asia, with Ripple and SettleMint planning to expand the offering to additional markets as institutional adoption increases.

The companies’ push comes amid growing expectations that tokenization will reshape financial-market infrastructure. BCG’s May 2026 report estimated that tokenized real-world assets could reach $88 trillion by 2035 and warned that banks that fail to adapt to digital assets could suffer a 30% decline in profits by that point.

BCG said tokenization could also give banks an opportunity to move beyond traditional intermediation and become infrastructure orchestrators, with potential revenue opportunities in tokenized investment funds, automated collateral mobility and digital asset custody.

Ripple’s Fiona Murray said Asia Pacific institutions are looking for ways to expand digital-asset activity without having to connect separate systems for custody, issuance and governance. SettleMint’s Adam Popat said the partnership combines custody and lifecycle management into a single foundation as financial markets increasingly move onchain.