Ripple confirmed today a new partnership with Absa Bank to provide custody services for tokenized assets, including RLUSD, in South Africa. The announcement was shared through Ripple’s official channels and marks its first custody collaboration with an African financial institution, reinforcing its broader international expansion strategy across regulated markets.
Absa, which serves more than 12 million clients across over ten countries, will integrate Ripple’s institutional-grade infrastructure to manage digital assets under regulated standards. The agreement positions the bank to support institutional custody and future tokenization services, as crypto adoption accelerates in the region and financial institutions seek secure digital frameworks.
Ripple stated that the partnership responds to growing demand for compliant digital asset infrastructure in emerging markets. The company recently expanded its stablecoin operations in Africa and previously partnered with Chipper Cash for cross-border payments, highlighting its commitment to scalable financial connectivity. Absa said it will provide updates on rollout timelines and eligible assets once internal integration is completed.
Source: https://x.com/Ripple/status/1978355182141403423
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