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Absa launches regulated digital asset custody in South Africa using Ripple's tech for secure crypto management.

Market News
27 Sep 2026
Coinpaper
View Source
Bullish
Absa launches regulated digital asset custody in South Africa using Ripple's tech for secure crypto management.

Absa Corporate and Investment Banking has introduced a regulated digital asset custody service in South Africa, leveraging Ripple's custody technology. This platform offers institutional clients a secure environment to safeguard crypto assets with strong governance, compliance, and recoverability controls, addressing key challenges like key management and access control. The move is timely, given the rapid growth of crypto value in Sub-Saharan Africa, which saw over $205 billion in onchain crypto transactions between July 2024 and June 2025. Ripple's expanding custody capabilities mark a strategic shift beyond payments, positioning custody as a significant institutional revenue stream.

XRP (Ripple) trades at Rp27.344 on Pluang, with a market cap of Rp1.734,94 trillion and a 1-day change of -0.91% as of Sep 27, 2026 20:21 WIB. This trading data highlights Ripple's ongoing market presence as it expands custody services in Africa's rapidly growing $205 billion crypto market. The platform shows a 64% sell and 36% buy order activity, indicating active investor engagement during this strategic shift beyond payments.

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