Absa Corporate and Investment Banking said on Sept. 21 that it has officially launched Absa Digital Asset Custody, an institutional-grade platform built on Ripple’s custody technology. Absa CIB described the offering as a first for Africa’s digitalization push. A managing director for Ripple in the Middle East and Africa said the partnership is intended to provide African institutions with a secure and compliant digital asset custody solution. The launch, according to the report cited by Techub News, marks a new stage for the institutional crypto market in Africa. The item was attributed to CoinGape.
Absa Corporate and Investment Banking announced on Sept. 21 that it has officially launched Absa Digital Asset Custody in South Africa.
The institutional platform is built on Ripple’s custody technology, and Absa CIB described it as a first for Africa’s digitalization effort.
A managing director for Ripple in the Middle East and Africa said the partnership is designed to offer African institutions a secure and compliant digital asset custody solution.
According to the report cited by Techub News, the launch marks a new stage for Africa’s institutional crypto market. The item was attributed to CoinGape.
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