Ripple and SettleMint have announced a strategic partnership aimed at combining institutional digital asset custody services with technology for issuing and managing tokenized assets, targeting regulated financial institutions across the Asia-Pacific region.
The collaboration integrates Ripple Custody with SettleMint’s Digital Asset Lifecycle Platform (DALP), creating a unified solution for asset issuance, custody, compliance, settlement, and post-issuance management. The companies said the offering is designed to help banks, financial institutions, and market operators streamline the management of tokenized assets within a regulated environment.
Under the partnership, Ripple Custody will provide secure infrastructure for holding and transferring digital assets, including cryptocurrencies, stablecoins, and tokenized real-world assets. The platform includes institutional-grade security features, configurable access controls, and governance tools designed to meet regulatory and operational requirements.
SettleMint’s DALP will support the broader lifecycle of tokenized assets, covering issuance, compliance monitoring, settlement processes, and ongoing asset servicing. The integration is intended to reduce complexity for institutions seeking to move from pilot projects to large-scale production deployments.
The initial rollout will focus on regulated financial institutions in Asia-Pacific, a region that has seen growing interest in tokenization initiatives involving banks, asset managers, and financial market infrastructure providers. The companies indicated that expansion into other markets may follow based on demand.
Neither Ripple nor SettleMint disclosed customer names, implementation timelines, pricing details, or transaction volumes associated with the partnership. They also did not specify which blockchain networks will be supported or whether institutions using the platform will be required to utilize the XRP Ledger or Ripple-related digital assets.
The agreement marks another step in Ripple’s broader push into institutional digital asset services, particularly in custody and tokenization, as financial institutions continue exploring blockchain-based solutions for managing and transferring real-world assets.
