"Cassie Craddock, Managing Director for the U.K. and Europe at Ripple, emphasized that custody is a key requirement for institutional crypto growth, particularly in Europe, where regulated financial institutions are moving into production environments that depend on secure custody to operate digital asset strategies at scale."
"Intesa Sanpaolo, Italy's largest banking group, is utilizing Ripple Custody for its digital asset initiatives, signaling the direction of European institutional adoption and the necessary infrastructure standards."
"Ripple's custody platform has expanded through integrations with Chainalysis for compliance, Securosys for cloud-based HSM security, and Figment for institutional staking, showcasing a commitment to building compliant and scalable workflows for institutions."
Ripple emphasizes the importance of custody as a foundational element for institutional cryptocurrency adoption in Europe. Regulated banks are transitioning to production environments that require secure custody for digital asset strategies. Intesa Sanpaolo's use of Ripple Custody exemplifies this trend. The custody platform has expanded through partnerships with Chainalysis for compliance, Securosys for security, and Figment for staking, indicating a robust infrastructure for payments, tokenization, and treasury management in the crypto space.
Read at news.bitcoin.com
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