Ripple powers Absa digital asset custody launch in Africa

cryptonews09-22 14:57

Ripple and Absa Corporate and Investment Banking have launched Absa Digital Asset Custody in South Africa, putting Ripple’s institutional custody technology into a bank-led service nearly a year after...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRipple powers Absa digital asset custody launch in Africa\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-09-22 14:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/ripple-powers-absa-digital-asset-custody-launch/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ripple and Absa Corporate and Investment Banking have launched Absa Digital Asset Custody in South Africa, putting Ripple’s institutional custody technology into a bank-led service nearly a year after...</p>\n\n<a href=\"https://crypto.news/ripple-powers-absa-digital-asset-custody-launch/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EOSX","symbol_name":"Defiance Leveraged Long EOSE ETF","start_time":0,"source_url":"https://crypto.news/ripple-powers-absa-digital-asset-custody-launch/","article_id":"2669119741","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/ripple-powers-absa-digital-asset-custody-launch/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2669119741","pubTimestamp":1790060243,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Ripple and Absa Corporate and Investment Banking have launched Absa Digital Asset Custody in South Africa, putting Ripple’s institutional custody technology into a bank-led service nearly a year after the companies first disclosed their partnership.Absa launched institutional digital asset custody in South Africa using Ripple’s custody technology on Monday.Ripple and Absa first announced their custody partnership in October 2025, before Monday’s commercial launch.Absa says its custody platform protects private keys while supporting institutional transaction and approval controls.Ripple’s custody network serves financial institutions across Europe, Asia, Latin America, and the Middle East.Ripple Middle East and Africa Managing Director Reece Merrick confirmed the Sept. 21 rollout, calling it a major milestone for institutional digital assets on the continent. Merrick said Absa was using Ripple Custody to support secure and compliant digital asset management, describing the service as “b","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"EOSX":"Defiance Leveraged Long EOSE ETF","BCDF":"Horizon Kinetics Blockchain Development ETF","STLR":"Stellar ETF","DECO":"SPDR Galaxy Digital Asset Ecosystem ETF","SATO":"Invesco Alerian Galaxy Crypto Economy ETF","DADS":"Digital Asset Debt Strategy ETF","VBNB":"Vaneck Bnb Etf","TCAN":"21Shares Canton Network ETF","BLKC":"Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF","TKNQ":"Amplify Tokenization Technology ETF","KRYP":"ProShares CoinDesk 20 Crypto ETF","BTC":"Grayscale Bitcoin Mini Trust","TXXH":"21Shares 2x Long HYPE ETF","TDOG":"21Shares Dogecoin ETF","CBXL":"Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF","TKNS":"21Shares Active Crypto ETF","SOEZ":"Franklin Solana ETF","TDOT":"21Shares Polkadot ETF","LASX":"Corgi Lasertec 2x Daily ETF","EZPZ":"FRANKLIN CRYPTO INDEX ETF","BESX":"Corgi Besi 2x Daily ETF","XBCI":"NEOS Boosted Bitcoin High Income ETF","GAVA":"Grayscale Avalanche Staking ETF","XTRKF":"XTRACKERS IE PLC","SUIS":"Canary Staked SUI ETF","GXRP":"Grayscale XRP Trust ETF","CLNK":"Bitwise Chainlink ETF","TSUI":"21Shares Sui ETF","TXBC":"21Shares FTSE Crypto 10 ex-BTC Index ETF","XXDC":"Teucrium Leveraged XDC Network ETF","THYP":"21Shares Hyperliquid ETF","VSOL":"VanEck Solana ETF","NUDG":"Nuveen Dividend Growth - ETF Class","LTCC":"Canary Litecoin Etf","BITW":"Bitwise 10 Crypto Index ETF","QBF":"Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly","PCPI":"PIMCO Inflation PLUS Active ETF","CBOL":"Calamos Laddered Bitcoin Series Structed Alt Protection ETF","BTQL":"Defiance Daily Target 2X Long BTQ ETF","VAVX":"VanEck Avalanche ETF","BLOX":"Nicholas Crypto Income ETF","CRDD":"Cardano ETF","IMSBF":"ISHARES V PLC","TSOL":"21Shares Solana ETF","QSOL":"Invesco Galaxy Solana ETF","BAVA":"Bitwise Avalanche ETF","FSOL":"Fidelity Solana Fund","BTYB":"VistaShares BitBonds 5 Yr Enhanced Weekly Distribution ETF","BESO":"GSR Crypto Core3 ETF"},"translate_title":"Ripple 为 Absa 数字资产托管在非洲推出提供动力","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XTRKF":1.5,"NUDG":1.5,"CBXL":1.5,"SUIS":1.5,"KRYP":1.5,"TKNS":1.5,"IMSBF":1.5,"TSUI":1.5,"THYP":1.5,"QSOL":1.5,"BESO":1.5,"BAVA":1.5,"SOEZ":1.5,"LTCC":1.5,"CBOL":1.5,"TKNQ":1.5,"GAVA":1.5,"BLKC":1.5,"BTYB":1.5,"FSOL":1.5,"BCDF":1.5,"XXDC":1.5,"VAVX":1.5,"BTQL":1.5,"STLR":1.5,"TSOL":1.5,"EZPZ":1.5,"VBNB":1.5,"DECO":1.5,"DADS":1.5,"VSOL":1.5,"EOSX":1.5,"BESX":1.5,"BLOX":1.5,"BITW":0.9,"QBF":1.5,"SATO":1.5,"GXRP":1.5,"PCPI":1.5,"TDOT":1.5,"TXXH":1.5,"XBCI":1.5,"LASX":1.5,"TCAN":1.5,"TDOG":1.5,"CRDD":1.5,"TXBC":1.5,"BTC":1.5,"CLNK":1.5},"content_text":"Ripple and Absa Corporate and Investment Banking have launched Absa Digital Asset Custody in South Africa, putting Ripple’s institutional custody technology into a bank-led service nearly a year after the companies first disclosed their partnership.\n\n\nSummary\n\n\n\nAbsa launched institutional digital asset custody in South Africa using Ripple’s custody technology on Monday.\nRipple and Absa first announced their custody partnership in October 2025, before Monday’s commercial launch.\nAbsa says its custody platform protects private keys while supporting institutional transaction and approval controls.\nSouth African regulators are still developing cross-border crypto rules, with public comments due September 30.\nRipple’s custody network serves financial institutions across Europe, Asia, Latin America, and the Middle East.\n\n\n\nAbsa describes the service as a regulated environment for institutional clients to safeguard digital assets and manage the private keys that authorize blockchain transactions. The product gives institutions controls covering assets, transactions and internal approvals while using Absa’s banking governance and compliance framework.\nRipple Middle East and Africa Managing Director Reece Merrick confirmed the Sept. 21 rollout, calling it a major milestone for institutional digital assets on the continent. Merrick said Absa was using Ripple Custody to support secure and compliant digital asset management, describing the service as “bank-grade.”\n\nA major milestone for institutional digital assets in Africa!We’re proud to partner with @Absa_CIB Corporate and Investment Banking on the launch of Absa Digital Asset Custody. By leveraging @Ripple’s custody technology, Absa is setting a new benchmark for secure, compliant,… https://t.co/ILo9DcQ1PD— Reece Merrick (@reece_merrick) September 21, 2026\n\nRipple custody partnership moves from plan to live service\nThe commercial launch follows an agreement first disclosed on Oct. 15, 2025. At the time, Ripple announced Absa as its first major custody partner in Africa, with the South African bank planning to use Ripple technology for cryptocurrencies and tokenized assets.\nAbsa made the same partnership public through its corporate and investment banking division, saying Ripple would provide technology supporting scalable storage and digital asset management. The original announcement did not represent a live service, making the Sept. 21 rollout the point at which the product moved into Absa’s customer offering.\nRobyn Lawson, Absa CIB’s head of digital product for custody, later explained that the system combines Ripple’s blockchain transaction capabilities with Absa’s internal infrastructure. She said the bank designed the model around security, governance, recoverability and controlled authorization.\nAbsa says private-key protections sit inside secure hardware environments so a single point of failure cannot compromise client holdings. The system uses deterministic key derivation instead of permanently storing static private keys, according to Lawson. Cryptographic recovery procedures and layered governance are intended to maintain access during system disruptions.\nAbsa Digital Asset Custody targets institutional clients\nAbsa Digital Asset Custody is designed for corporate and institutional customers, not as a retail cryptocurrency trading venue. The bank’s product page states that its focus is safeguarding digital assets, managing keys and controlling transactions and approvals to standards similar to those used for traditional financial assets.\nThe bank has not publicly disclosed a full list of supported cryptocurrencies, tokenized assets, custody fees or initial customer names. Neither Absa nor Ripple has announced that the service includes cryptocurrency trading, lending or yield products.\nRipple’s current custody documentation explains that digital asset custody centers on protecting the keys that authorize blockchain transactions, since assets themselves remain recorded on their respective blockchains. Ripple notes that loss or compromise of a key can create risks that differ from those attached to conventional financial accounts.\nThe underlying Ripple Custody software continues to receive technical updates. Version 1.41, released Sept. 14, added validation that checks destination addresses against the selected blockchain format before an endpoint can be created or changed, reducing the risk of transactions becoming stuck because of invalid addresses. Ripple released the update one week before Absa publicized its custody launch.\nRipple’s institutional custody business extends beyond Africa. As previously reported, the company supplies technology for BBVA’s digital asset custody service in Spain, where the bank uses Ripple Custody for Bitcoin and Ethereum under Europe’s MiCA regulatory environment.\nSouth Africa continues building crypto regulation\nThe service arrives while South Africa continues formalizing its rules for digital asset businesses. The Financial Sector Conduct Authority requires crypto asset service providers to obtain authorization before conducting regulated financial services involving crypto assets.\nCrypto assets have been treated as financial products under South Africa’s Financial Advisory and Intermediary Services Act since 2022. The framework brought activities such as advice and intermediary services involving crypto under FSCA supervision, while banks remain subject to their existing prudential and financial-sector requirements.\nCross-border activity is undergoing another regulatory update. South Africa’s National Treasury and Reserve Bank invited comments in August on a draft Crypto Assets Manual that sets out proposed rules for moving digital assets between domestic providers, offshore platforms and non-custodial wallets.\nThe proposal would require certain crypto transfers to be identified and reported as cross-border flows. It outlines permissions for authorized crypto asset service providers and reporting obligations to the Reserve Bank’s Financial Surveillance Department. The regulator set Sept. 30, 2026, as the deadline for comments, and the framework remains subject to revision.\nThe Reserve Bank has stressed that the proposal does not make cryptocurrencies legal tender. It forms part of a capital-flow framework intended to operate alongside oversight from the FSCA, Financial Intelligence Centre and South African Revenue Service.\nRipple builds on earlier digital asset expansion in Africa\nCustody is one part of Ripple’s growing institutional business across Africa. The company previously expanded its stablecoin distribution through Chipper Cash, VALR and Yellow Card, giving institutions in regional markets access to Ripple USD.\nAs previously reported, Ripple expanded RLUSD distribution across Africa through three local partners, targeting uses including cross-border payments, treasury management and trading. Ripple said institutional demand was behind the regional rollout.\nRipple’s African payments relationships extend to Chipper Cash, while Absa gives the company a bank-based custody channel. The company opened a larger Middle East and Africa headquarters in Dubai this year to support its regional payments and custody operations. Crypto.news reported on Ripple’s expansion of its Middle East and Africa operations from Dubai in April.\nCustody has become a larger part of Ripple’s product stack since its acquisitions of Metaco and Palisade. The Palisade purchase brought wallet technology using multi-party computation and zero-trust architecture into Ripple’s institutional infrastructure. The Palisade acquisition expanded Ripple’s institutional custody capabilities across blockchain networks including XRP Ledger, Ethereum and Solana.\nAbsa, meanwhile, says its custody platform will be developed iteratively as customer requirements and regulation change. Lawson said the bank plans to start with core custody functions before adding capabilities according to institutional demand and regulatory conditions.\nNeither company has announced a timetable for adding specific assets or expanding Absa Digital Asset Custody into other African markets. Institutional customers interested in the current service are being directed to Absa CIB’s custody sales team.\n\n\n\n\n\n                Read more:\n            \n\n                Agora moves closer to U.S. national trust bank after OCC approval","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.50.1","shortVersion":"4.50.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2669119741","isCrawlerRequest":true}