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Ripple partners with Absa to launch secure digital asset custody service across Africa

Protocol Fundamentals
21 Sep 2026
Tokenpost
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Bullish
Ripple partners with Absa to launch secure digital asset custody service across Africa

Ripple has partnered with Absa Corporate and Investment Banking to launch Absa Digital Asset Custody, using Ripple's crypto custody technology to provide secure digital asset storage for African financial institutions. This collaboration aims to offer institutional clients a regulated environment to safeguard digital assets with strong security, governance, and operational control, addressing challenges like cybersecurity and regulatory compliance. The partnership enhances Ripple's presence in Africa and reflects growing demand for institutional-grade custody solutions that combine blockchain tech with traditional banking controls. It marks a strategic expansion of Ripple's custody services beyond payments into emerging markets' digital asset management.

Ripple's expansion into Africa through its partnership with Absa highlights growing institutional interest in digital asset custody solutions. On Pluang, XRP trades at Rp26.846 with a notable 1-day gain of 9.75% as of Sep 21, 2026 21:53 WIB. The token's market cap stands at Rp1.680,18 trillion, supported by a 24-hour trading volume of Rp91,37 trillion, reflecting active investor engagement despite a higher sell order ratio of 67%.

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