Ripple said it is launching a slew of features aimed at helping banks and fintechs store digital tokens — as part of a broader push into crypto custody. Crypto custody, a type of service that helps clients crypto assets,

San Francisco-based payments company Ripple is now aiming to offer bank-grade custody solutions to crypto businesses.

The new features could allow companies to tokenize and manage real-world assets (RWAs) as well as other cryptocurrencies on XRP Ledger.

U.S. %Blockchain company %Ripple (CRYPTO: $XRP ) is launching a new %Cryptocurrency custody service that will enable banks to store digital assets on behalf of their clients. Ripple’s management team says the new custody service for banks is aimed at helping the San Francisco-based company diversify its operations and grow its revenue.

Ripple has launched crypto storage services for banks and fintech companies by opening a new division called Ripple Custody. This is part of a strategy to break into the custody market, allowing institutions to store and manage digital assets on behalf of their clients.

Ripple, the US-based blockchain firm, is making significant strides in the world of crypto custody, aiming to help banks and fintech companies securely manage and store digital assets for their clients.