Ripple is strengthening security and staking support for financial institutions as part of an expansion of its digital-asset custody business, Cointelegraph reported on Feb. 10 local time.
Ripple upgraded its institutional custody platform in cooperation with SecurOSys and Figment.
The upgrade adds on-premise and cloud-based hardware security modules (HSM), enabling financial institutions to offer secure staking services without running their own validators.
Financial institutions can use on-premise or cloud-based HSMs to manage cryptographic keys and support staking on networks such as Ethereum (ETH) and Solana (SOL). Ripple expects the integration to accelerate adoption of custody services among institutions.
Ripple is focusing on expanding institutional infrastructure beyond payments, including custody, treasury management and post-trade services. It has also recently introduced a corporate treasury platform that integrates traditional financial systems and digital-asset infrastructure.
Chi-gyu Hwang
delight@d-today.co.kr