Absa launches Africa's first Ripple-powered crypto custody

Absa Corporate and Investment Banking has launched Africa's first institutional-grade digital asset custody service, built on Ripple's custody technology. The Johannesburg-based banking group is one of South Africa's largest lenders, and the move marks a notable milestone for institutional digital asset services on the continent.

• The service is positioned for institutional clients seeking compliant custody of digital assets.
• It extends Ripple's custody offerings into African banking infrastructure.