Ripple and Coincheck Forge Partnerships to Enhance Digital Asset Custody in Asia
- Ripple has teamed up with SettleMint to provide custody, issuance, and management solutions for tokenized assets.
- The partnership integrates Ripple Custody with SettleMint’s Digital Asset Lifecycle Platform (DALP) for streamlined asset security.
- Coincheck Group has partnered with DFNS to develop wallet technology and custody services in Japan.
- DFNS offers a wallet-as-a-service that supports over 100 blockchain networks, enhancing transaction lifecycle management.
- The Asia-Pacific region saw a remarkable 69% year-over-year increase in onchain crypto activity value received.
These partnerships aim to fill the infrastructure gap for regulated financial institutions entering the digital asset space, as many countries in the region develop their own cryptocurrency regulatory frameworks.
With Japan’s recent classification of crypto assets as financial assets under its Financial Instruments and Exchange Act, these initiatives are timely for enhancing institutional digital asset services in the region.(Source)
