- Ripple Labs recently filed a trademark acquisition for Ripple Custody hinting at its plan to expand crypto custody services and integrate advanced digital asset management into its highly scalable ecosystem
- The new trademark filing follows Ripple’s acquisition of Metaco and suggests the firm could soon broaden its tokenization-as-a-service offerings including launching RLUSD stablecoin and empowering banks to tokenize traditional assets on the XRP Ledger
- Industry experts like Austin King believe that by first solidifying its reputation in custody services Ripple may pave the way for innovative tokenization solutions that could transform how real-world assets are managed on the XRP Ledger
Ripple Labs has filed a trademark acquisition for “Ripple Custody” hinting at the new service the crypto giant will aim to explore in the digital space.
According to the filing, the firm requested the trademark on February 25. Ripple Labs will be able to use the trademark on services like downloadable crypto custody software, financial services — involving fiat, digital, and virtual currencies — peer-to-peer computer services, and temporary use of online non-downloadable software for use in the custody of cryptocurrency.
In January we reported how the firm had acquired Metaco, a Swiss crypto-custody provider. Back then we also theorized how this acquisition could lead to the expansion of Ripple even beyond the XRP Ledger, pledging to become the world’s largest provider of “tokenization as a service”.
Now, the new trademark application implies that Ripple is on its way to do just that.
How Ripple Could Innovate The World’s Financial System
The Metaco acquisition enables Ripple to integrate crypto custody solutions into its highly scalable ecosystem. The goal would be to allow major financial institutions like Citi, HSBC, and BNP Paribas to offer access to digital assets to their millions of customers worldwide, as detailed in a thread by Austin King, former Metaco CEO.
With the “Ripple Custody” trademark, the company could be positioning itself to expand these services further, leveraging its infrastructure to meet the rising demand for institutional-grade custody solutions.
Austin King also theorizes what he believes could be the next step of Ripples’ plan. After cementing its foot as one of the most reliable crypto custody providers in the world, the firm might aim to innovate the tokenization-as-a-service game, with their new stablecoin $RLUSD playing a pivotal role in ole in supporting tokenized asset transactions on the XRP Ledger, alongside XRP itself.
He also believes this innovative measure could lead to many new tokens being created, potentially tokenizing real-world assets like real estate and commodities. This would enable investors to fractionally own these assets, which could lead to a major volume growth in the ecosystem.
“This is the 100x opportunity this cycle, and we are laser-focused on it.”
Ultimately, the XRP Ledger could emerge as a global hub for tokenization, as Ripple might strive to integrate tokenized assets into the broader on-chain economy. This approach could create additional revenue streams through tokenization services alongside traditional transaction fees, potentially making XRP a key player in the evolution of financial systems worldwide.
For those exploring platforms to trade XRP, consider our trusted partner WEEX—offering an exclusive 50% deposit bonus. Click here to learn more.
The information provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Read more
