Absa Partners with Ripple for Digital Asset Custody
Absa has announced a partnership with Ripple to offer institutional-grade digital asset custody to institutional clients in South Africa.
The partnership will utilize Ripple's blockchain infrastructure to provide secure storage solutions for tokenized assets, including cryptocurrencies.
- The move marks a significant turning point in traditional banks' engagement with cryptocurrencies in Africa.
- It highlights the growing demand for reliable and compliant digital asset infrastructure in emerging markets.
Ripple's first major custody partnership in Africa.
Author's summary: Absa partners with Ripple for digital asset custody in South Africa.