Ripple, the leading provider of digital asset infrastructure for financial institutions, announced a strategic partnership with Absa Bank to provide digital asset custody to the bank's 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, one of Africa's leading financial institutions, becomes Ripple's first major custody partner in Africa. This partnership is a result of 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.
"Africa is experiencing a major shift in how value is stored and exchanged, and our partnership with Absa underscores Ripple's commitment to unlocking the potential of digital assets on the continent. As one of the most respected and innovative banks in Africa, Absa has a strong track record of innovation and leadership, and we're proud to support its digital asset ambitions with the most secure and compliant custody infrastructure on the market."
