Only in: Ripple enters African market with ABSA Bank Crypto Custody Deal


TLDR:

  • Ripple’s partnership with ABSA Bank marks its first major crypto -care cooperation in Africa.
  • The move extends Ripples global custody networks to new African financial markets.
  • ABSA Bank will use Ripples technology to manage crypto and tokenized assets in institutional class.
  • Ripple now serves institutions over five continents, with a growing demand for regulated crypto care.

Ripple takes another Enter institutional funding with a new partnership in South Africa. The company has joined forces with ABSA Bank to introduce institutional quality digital assets for African markets. This trait comes when the global interest in compliant blockchain infrastructure continues to grow.

Ripple’s strategy now extends over several continents and signals a broader change to regulated crypto services. The announcement was made in a company blog post on October 15, 2025.

Ripple and ABSA come together to strengthen crypto custody services

According to Ripple’s messageABSA Bank will adopt Ripple’s corporate custody technology to store and manage digital assets, including Cryptocurrencies and tokenized assets. The integration aims to give institutional customers safe, compatible access to blockchain-based products.

Reece Merrick, Ripples Managing Director of the Middle East and Africa, said that the partnership reflects Africa’s developing financial landscape. He emphasized that the continent is entering a new phase of adoption of digital asset, where secure storage and legislative compliance will be essential.

ABSA’s decision places it as one of the first major African banks to offer institutional crypto custody.

The move can enable large organizations to participate in blockchain markets without compromising security. Ripple’s solution offers built -in compliance controls, which allow financial institutions to navigate in regional regulations with confidence.

This Partnership also marks Ripple’s growing presence of Africa, after its previous collaboration with payment provider Chipper Cash. Together, these movements reinforce Ripple’s goal of serving both traditional and crypto-in-born institutions in emerging markets.

Africa’s growing role in the global ecosystem for digital access

Ripples 2025 New value report Found that 64% of financial leaders in the Middle East and Africa turn to blockchain to reduce decommissioning times and improve cross -border payment efficiency.

ABSA’s partnership is a response to this trend, which signals that banks are starting to see Crypto Custody as part of the standard financial infrastructure.

Robyn Lawson, head of digital product and custody at ABSA, noted that the bank wants to give customers “secure, compatible and robust” storage options for theirs digital holdings.

Ripple’s platform gives ABSA access to proven infrastructure and global best practice, which allows the bank to work within the highest security and operational standards.

Ripple’s network now extends to Europe, the Middle East, Asia-Stilla Sea and Latin America. Its expansion to South Africa strengthens its reputation as a reliable infrastructure supplier for tokenized financing.

With over 60 regulatory licenses globally, the company continues to position itself as a leader in bridging traditional banking and blockchain technology.

As more African banks explore digital asset strategies, partnerships such as this can speed up the continent’s transition to Blockchain-based financial systems.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *