Ripple is extending its institutional custody infrastructure to Africa through a new partnership with Absa Bank, one of South Africa\u2019s largest financial institutions.<\/p>\n
The deal makes Absa Ripple\u2019s first major custody client on the continent and reflects growing institutional interest in tokenized assets across emerging markets.<\/p>\n
Absa will use Ripple\u2019s digital asset custody technology to store and manage cryptocurrencies and tokenized assets for its clients, per a release. The integration will allow the bank to offer secure, compliant custody infrastructure at a time when regulatory clarity around digital assets in Africa is improving.<\/p>\n
The move follows a broader strategy by Ripple to position itself as a back-end provider of blockchain-based infrastructure for regulated institutions. Its custody offering, launched earlier this year, is already live with clients in Europe, Asia, and Latin America.<\/p>\n
The partnership builds on Ripple\u2019s recent expansion across Africa. Earlier this year, the firm announced a collaboration with Chipper Cash to power crypto-enabled payments and confirmed that its USD-backed stablecoin, RLUSD, would roll out in African markets.<\/p>\n
According to Ripple\u2019s 2025 New Value Report, 64% of finance leaders in the Middle East and Africa see faster settlement and reduced transaction costs as the main reason to integrate blockchain-based currencies into payment flows.<\/p>\n
Ripple holds more than 60 regulatory licenses and registrations globally, giving it a compliance edge in jurisdictions where banks remain cautious about digital asset exposure.<\/p>\n
The Absa deal, once live, will make South Africa one of the few African markets with a major bank-backed crypto custody offering.<\/p>\n","protected":false},"excerpt":{"rendered":"
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