Ripple Partners with Figment to Enhance Custody Services
- Ripple has announced a partnership with Figment to expand its custody services, adding staking for Ethereum and Solana.
- This initiative allows banks and regulated enterprises to offer staking without the need for validator infrastructure.
- Aaron Slettehaugh from Ripple emphasized that this move enhances security, compliance, and operational efficiency for institutional clients.
- The announcement follows Ripple Prime’s integration of Hyperliquid, marking its first entry into DeFi.
- XRP Community Day is scheduled for February 11-12, featuring discussions on XRP’s utility and future.
Ripple’s partnership with Figment signifies a strategic shift towards broader institutional offerings beyond the XRP ecosystem, enhancing their custody services with new staking capabilities. This aligns with Ripple’s goal of providing comprehensive solutions while maintaining high standards of security and compliance.
The addition of Ethereum and Solana staking reflects Ripple’s commitment to expanding its product suite for institutional clients, as highlighted by the upcoming Community Day discussions on February dates.
