Ripple Custody to Support Ethereum and Solana Staking, Signaling Acceleration of Institutional Accumulation
Ripple Custody to Support Ethereum and Solana Staking, Signaling Acceleration of Institutional Accumulation
Ripple is accelerating the expansion of its digital asset infrastructure for institutional investors by adding Ethereum (ETH) and Solana (SOL) staking features to its custody service.
According to cryptocurrency news outlet CoinGape on February 10 (local time), Ripple has entered into strategic partnerships to strengthen security, regulatory compliance, and staking capabilities for Ripple Custody, its institutional digital asset custody solution. With this update, clients can stake assets across major proof-of-stake networks, including Ethereum and Solana, enabling institutional investors to securely safeguard assets while generating returns. This move underscores Ripple’s strategy to evolve beyond an XRP-centric payments network into a comprehensive financial infrastructure company.
To implement the staking services, Ripple partnered with blockchain infrastructure firm Figment. Through this collaboration, banks, custodians, and regulated entities can offer Ethereum and Solana staking rewards to clients without building their own validator infrastructure. Aaron Slettehaugh, Senior Vice President of Product at Ripple, explained that combining Ripple’s enterprise custody technology with Figment’s non-custodial staking platform opens a stable pathway for regulated institutions to earn yields across multiple blockchain networks.
Ripple also partnered with Swiss hardware security module provider Securosys to enhance security. By adopting Securosys’ CloudHSM technology, Ripple enables institutions to maintain direct control over cryptographic keys without incurring high costs or complex procedures. This follows Ripple’s recent acquisition of digital asset custody firm Palisade and the integration of regulatory compliance solutions from blockchain analytics company Chainalysis, signaling a continued focus on strengthening the completeness of its custody services.
The digital asset industry views Ripple’s latest expansion as a significant catalyst for lowering barriers to entry for institutional investors. In particular, amid rising institutional interest in altcoins following the approval of spot Bitcoin (BTC) ETFs, the introduction of additional yield opportunities through staking is expected to be a powerful incentive. Ripple plans to streamline onboarding processes and accelerate product launches through these partnerships to actively meet the needs of financial institutions that are highly sensitive to market changes.
Looking ahead, Ripple Custody is expected to evolve into an all-in-one platform encompassing asset safekeeping, trading, settlement, and staking. By supporting a wide range of assets on the XRP Ledger while expanding integration with the Ethereum and Solana ecosystems, Ripple is strengthening its dominance in the enterprise digital asset solutions market. Backed by regulatory clarity, Ripple is anticipated to further solidify its role as a bridge between traditional finance and the digital asset market.
*Disclaimer: This article is for investment reference only, and no responsibility is assumed for any investment losses based on this content. The information provided should be interpreted solely for informational purposes.*
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