Absa Bank has announced a strategic partnership with Ripple to provide digital asset custody to its customers in South Africa.
Through the partnership, Absa will leverage Ripple’s institutional-grade digital asset custody technology to deliver scalable and secure storage for tokenized assets, including cryptocurrencies.
Absa becomes Ripple’s first major custody partner in Africa through this collaboration. The partnership responds to the growing demand for secure, compliant digital asset infrastructure across emerging markets. Ripple’s expanding global custody network now includes clients across Europe, the Middle East, Asia-Pacific, Latin America, and Africa, supporting financial institutions as they embrace the opportunities presented by digital asset technology.
“As we continue to innovate and respond to the evolving financial ecosystem, we recognise the importance of providing our customers with secure, compliant, and robust custody solutions for their digital assets,” says Robyn Lawson, head of digital product: custody at Absa Corporate and Investment Banking. “Ripple’s custody solution allows us to leverage proven and trusted technology that meets the highest security and operational standards. Together, we can deliver the next generation of financial infrastructure to our customers.”
