Ripple Boosts Institutional Custody Capabilities as XRP Extends a 32% Slide

Ripple is aggressively expanding its institutional infrastructure by announcing new partnerships with Figment and Securosys to bolster Ripple Custody. The collaboration with Figment will introduce staking functionality, allowing regulated institutions to offer staking rewards on networks like Ethereum and Solana without managing validator infrastructure. The partnership with Securosys strengthens security by integrating CyberVault HSM and CloudHSM options, addressing challenges in Hardware Security Module (HSM) adoption for on-premises or cloud deployment.

These infrastructure enhancements, following previous acquisitions like Palisade, aim to simplify custody services for regulated entities. However, these institutional efforts have not immediately translated into positive price action for XRP. On-chain metrics show moderate adoption, with XRPL's Total Value Locked (TVL) declining, and XRP itself has fallen nearly 32% over the past month, tracking the broader market downturn.

(Source：BeInCrypto)