Ripple, SettleMint Team Up to Streamline Tokenized Asset Custody

Ripple and SettleMint unveiled a new partnership on September 1. The deal merges custody, issuance, and lifecycle management into a single platform. Traditional finance firms now gain a simpler path toward digital asset adoption.

A Unified Platform for Institutions

SettleMint announced the collaboration in an official statement this week. The partnership links Ripple Custody with SettleMint’s Digital Asset Lifecycle Platform, known as DALP. Together, the two systems aim to accelerate tokenization adoption across the Asia Pacific region.

Fiona Murray, Ripple’s managing director for Asia Pacific, explained the strategic thinking behind the move. Institutions want to deploy digital assets without juggling separate systems for custody and governance. The combined platform gives them one foundation to build on and expand later.

Adam Popat, CEO of SettleMint, echoed that view in his own remarks. He described global capital markets as shifting fully on-chain in the current moment. As a result, custody and lifecycle management must now function as a single system rather than two.

Ripple’s Broader Institutional Strategy

Ripple continues to expand its custody infrastructure through several additional partnerships. The company has deepened ties with Securosys, Figment, and Chainalysis in recent months. These integrations aim to simplify how institutions secure digital assets, stablecoins, and real-world assets.

Ripple also plans to roll out the XRP Ledger v3.3.0 upgrade soon. The upgrade places tokenized real-world assets at the center of its roadmap. This step reflects Ripple’s wider strategy to court institutional capital through infrastructure improvements.

XRP itself traded higher following the announcement, rising more than one percent within 24 hours. The token moved between $1.36 and $1.40 during that window. Trading volume fell 16 percent, yet CME futures open interest still surpassed figures on Binance.

Regulatory Momentum Fuels Sector Growth

The partnership arrives as regulators reshape the tokenization landscape inside the United States. The SEC introduced tokenization innovation exemptions under the current administration this year. These changes encourage more institutions to seriously explore blockchain-based asset management.

The Depository Trust and Clearing Corporation also plans to launch its own tokenization service. That rollout is scheduled for October and adds further momentum to the sector. Multiple major players now compete to serve rising institutional demand for on-chain assets.

Financial firms increasingly need compliant infrastructure to manage complex ledger configurations safely. Custody providers must now handle growing volumes of tokenized assets without added risk. The Ripple-SettleMint partnership positions both companies to meet that rising demand directly.

Institutions across Asia Pacific stand to benefit most from this streamlined approach. Rather than managing multiple vendors, banks can now consolidate custody and issuance functions. This consolidation may lower operational costs while improving oversight of digital asset holdings.

The tokenization market continues to grow as traditional finance embraces blockchain technology further. Partnerships like this one signal a maturing industry ready for institutional-scale adoption. Ripple and SettleMint now join a growing list of firms building that infrastructure together.