Ripple boosts institutional custody as XRP slips 32%

Ripple partnered with Figment and Securosys to expand the capabilities of Ripple Custody, its institutional digital asset custody solution. The additions aim to simplify procurement and support faster deployment of custody services for regulated institutions, following Ripple’s earlier Palisade acquisition and Chainalysis integration.

Through the Figment tie-up, Ripple will introduce staking functionality that lets institutional clients offer staking services without operating their own validator infrastructure. Clients will be able to support staking on major networks such as Ethereum (ETH) and Solana (SOL).

“By combining Ripple’s enterprise‑grade custody technology with Figment’s secure, non‑custodial staking platform, we’re giving regulated institutions a way to offer staking rewards to their customers on several blockchain networks,” Ben Spiegelman, VP – Head of Partnerships & Corporate Development at Figment, stated.

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