Event: 21 September 2026
Absa Corporate and Investment Banking launched a digital-asset custody service using Ripple technology for institutional clients in Africa. The launch puts into operation a partnership previously announced by the bank and Ripple around custody infrastructure.
Institutional custody involves issues different from trading: securing assets and keys, transaction governance, approval processes and controls suited to regulated organizations. The available information does not establish that clients must use XRP or that all assets held in custody are on the XRP Ledger.
That distinction is essential. This is adoption of Ripple technology for digital-asset custody, strengthening the company's presence in African financial infrastructure. A direct link to XRP usage still needs to be demonstrated product by product.