Ripple has partnered with digital asset lifecycle management firm SettleMint to offer regulated financial institutions a unified custody, issuance, and management solution for tokenised assets across their full lifecycle.
The firms have commenced their APAC offering and plan to extend to other markets as institutional demand develops.
As part of the collaboration, Ripple Custody will be integrated with SettleMint’s Digital Asset Lifecycle Platform (DALP).
DALP is already in use across both production and pre-production programmes in North America, Europe, the Middle East, and APAC, and allows institutions to design, issue, and manage tokenised real-world assets.
The initiative continues Ripple Custody’s expansion, following partnerships over the past year with Securosys and Figment, integration with Chainalysis, and the acquisition of digital asset custody and wallet infrastructure provider Palisade.
According to the firms, the combination of their offerings allows institutions to hold and manage digital assets in a regulated, compliant, and safe manner through one integrated solution, as opposed to operating across multiple vendors for custody, issuance, compliance, and servicing.
Commenting on the initiative, Fiona Murray, managing director, APAC at Ripple, remarks: “Financial institutions across Asia Pacific are putting digital assets to work.
“This partnership gives them the foundation to roll out digital assets and future-proof them from there: Ripple Custody to hold and govern the asset, and SettleMint to manage its entire lifecycle.”
Adam Popat, CEO of SettleMint, adds: “Global capital markets are moving fully onchain, and that shift only works when digital asset custody and lifecycle management operate as one system rather than two.
“Combining Ripple Custody and DALP gives institutions that single foundation, and this partnership lets us bring it to regulated markets globally.”
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