EddieJayonCrypto
16 Oct 25
Ripple partners with Absa Bank to launch institutional digital asset custody services in South Africa, marking a pivotal step in blockchain adoption on the continent.
**Ripple Partners with Absa Bank to Launch Institutional Digital Asset Custody Services in South Africa** In a significant move to bolster blockchain adoption in Africa, Ripple, the leading crypto asset firm, has announced a strategic partnership with Absa Bank, one of the continent’s largest financial institutions. The collaboration aims to provide institutional-grade digital asset custody services, marking Ripple’s first major custody partnership on the African continent. The partnership enables Absa Bank to offer secure storage solutions for cryptocurrencies and tokenized assets, catering to the growing demand from institutional clients seeking reliable blockchain-based financial tools. By leveraging Ripple’s scalable technology, the initiative ensures compliance with stringent regulatory and security standards, positioning Absa to support its customers in exploring innovative blockchain applications. Absa, which operates across multiple African countries, will integrate the custody offering through its Corporate and Investment Banking division. This move underscores the bank’s commitment to staying at the forefront of financial technology advancements, particularly as blockchain adoption accelerates in the region. The collaboration aligns with findings from Ripple’s 2025 New Value Report, which revealed that 64% of finance leaders in the Middle East and Africa now prioritize faster payments through blockchain technology. This partnership is expected to drive further innovation, enabling businesses and institutions to harness the efficiency and transparency of digital assets. As Africa’s financial landscape evolves, Ripple’s partnership with Absa signals a pivotal step toward mainstreaming blockchain solutions, bridging traditional finance with the future of digital assets.