Absa Partners with Ripple for Digital Asset Custody
Absa has joined forces with Ripple to provide institutional-grade digital asset custody to its clients in South Africa.
This partnership allows Absa to utilize Ripple's blockchain infrastructure for secure storage of tokenized assets, including cryptocurrencies.
The move marks a significant turning point in how traditional banks in Africa engage with cryptocurrencies and tokenization.
- This is Ripple's first major custody partnership in Africa.
- The partnership responds to the growing demand for reliable and compliant digital asset infrastructure in emerging markets.
Author's summary: Absa partners with Ripple for digital asset custody in South Africa.
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