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Absa launches Ripple-powered digital asset custody service in Africa amid rising crypto demand.

Market News
21 Sep 2026, 17:01 WIB
Bitcoin
View Source
Bullish
Absa launches Ripple-powered digital asset custody service in Africa amid rising crypto demand.

South African bank Absa has launched Absa Digital Asset Custody, powered by Ripple's custody technology, marking a first for Africa's institutional digital asset management. The service offers a secure, regulated environment for safeguarding digital assets, targeting institutional clients amid growing crypto adoption in South Africa. This launch follows an 11-month partnership development and aligns with South Africa's evolving crypto regulations and increasing investor interest. Absa has yet to disclose specific assets or fees but aims to fill a gap as most local crypto investors currently use exchanges rather than banks.

XRP (Ripple) trades at Rp26.394 on Pluang, up 8.06% in the last day as of Sep 21, 2026 21:21 WIB. The market cap stands at Rp1.665,41 trillion with a 24-hour volume of Rp84,96 trillion. Pluang users show a 67% sell and 33% buy order split, holding XRP for an average of 71 days.

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