Absa has launched Africa's first institutional Bitcoin custody service, using Ripple technology to securely store digital assets. Bitcoin is the predominant asset held, with plans to expand custody services to more client groups and African countries pending regulatory approval. This move positions Absa as a pioneer in the continent's growing crypto market, which saw $36 billion in crypto activity in South Africa alone last year. The service emphasizes security and compliance, reflecting increasing institutional interest in digital assets across Africa.
Absa's launch of Africa's first Bitcoin custody service offers context for crypto markets. For readers following cryptocurrencies, here is Pluang's market snapshot as of Oct 03, 2026 04:01 WIB: out of 50 major cryptocurrencies, 12 rose and 37 fell. Notable movers include EOS at Rp12.649 (+8.13%), ENJ at Rp576 (+7.72%, with 100% sell order activity), and SUSHI at Rp4.432 (-6.39%, with 100% buy order activity).
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