Ripple, the firm behind the popular cryptocurrency XRP, just streamlined how big banks and financial firms store and manage digital assets. By lowering the entry bar, it is making it both safer and easier for regulated institutions to handle cryptocurrency.
It has signed on two new partners to make this happen: the first is with Securosys, which is a Swiss cybersecurity firm that brings “digital safes” (hardware security modules) into the mix to protect the private keys controlling crypto.
The second partnership is with Figment, which specializes in staking. This addition lets institutions offer staking services on networks like Ethereum and Solana.
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The main takeaway? Big players no longer need to recruit giant tech teams or build custom server rooms. Ripple is delivering a “turnkey” solution—an all-in-one setup that combines ironclad security with the ability to earn staking rewards, all while staying strictly compliant.
Simply put, Ripple is stripping away the technical headaches and high costs that usually stop banks from entering crypto custody. It’s a clear play to bring more “big money” into the ecosystem securely.
How Banks Will Use It Through Ripple
Banks don’t need to contact Securosys or Figment themselves. They simply become customers of “Ripple Custody.” Once signed up, they get a ready-to-use dashboard and tools from Ripple that include:
- Top-level hardware security for storing crypto keys (powered by Securosys)
- The ability to offer staking rewards on Ethereum and Solana (powered by Figment)
All of this is pre-integrated, fully compliant with regulations, and designed for fast setup—no building custom systems or hiring huge tech teams required. Ripple delivers the complete package, making it easy for banks to safely enter the crypto custody and staking business.
This expansion shows Ripple’s move well beyond just being a payment network. They are now competing in custody, treasury, and post-trade services, positioning themselves as a full-scale infrastructure provider for regulated firms entering the market.
Staking Gains Institutional Momentum
Ripple’s news reflects a wider industry shift. Figment previously expanded its Coinbase partnership to open staking for Prime and Custody clients on Solana and Avalanche. Anchorage Digital followed suit by adding Hyperliquid staking through its Singapore bank and Porto wallet, also using Figment’s tech.
At the same time, companies are finding ways to generate yield on Bitcoin, despite it not being a staking coin. Fireblocks recently linked with Stacks to offer Bitcoin-based lending, catering to the institutional hunger for BTC yield.
The timing fits Ripple’s recent launch of a corporate treasury platform that connects traditional cash management with digital assets. As proof-of-stake grows and regulations settle, financial institutions are under pressure to provide the crypto services their clients now expect.
