Absa and Ripple forge institutional digital asset custody in South Africa

Absa and Ripple forge institutional digital asset custody in South Africa

Absa Bank has announced a major strategic partnership with blockchain specialist Ripple to introduce institutional-grade custody solutions for tokenised assets, including cryptocurrencies, in South Africa. This move is significant, marking a turning point for how major traditional African banks engage with the burgeoning digital asset economy. Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday: EV…

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Absa joins Ripple’s custody network in digital-asset push

Absa joins Ripple’s custody network in digital-asset push

Absa has announced a partnership with Ripple under which it will adopt the blockchain infrastructure specialist’s institutional-grade custody platform to offer secure storage solutions for tokenised assets – including cryptocurrencies – to institutional clients in South Africa. The move is significant as it may mark a turning point in how traditional banks in Africa engage…

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