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Absa launches Ripple-powered digital asset custody for institutions in South Africa

Market News
22 Sep 2026
Coinpaper
View Source
Bullish
Absa launches Ripple-powered digital asset custody for institutions in South Africa

Absa Corporate and Investment Banking has introduced Absa Digital Asset Custody in South Africa, using Ripple’s technology to securely manage digital assets and private keys for corporate and institutional clients. This service offers bank-grade governance, transaction controls, and compliance features, marking Absa as the first African bank to provide such custody for digital assets. The platform enhances security with hardware protection and cryptographic recovery, aligning with South Africa's regulatory framework for crypto assets. While details on supported assets and pricing remain undisclosed, this launch represents a significant step in formalizing institutional crypto custody in Africa.

XRP, Ripple's token, is trading at Rp27.176 on Pluang with a 1-day gain of 5.53%. The market cap stands at Rp1.701,09 trillion, and buyers dominate with 65% of order activity. These figures highlight strong investor interest as of Sep 22, 2026 15:21 WIB.

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