Ripple expands its custody platform by adding Ethereum and Solana staking through a partnership with Figment for institutional clients.
Ripple has expanded its institutional custody platform to include staking for Ethereum and Solana. The company said the move supports growing demand from regulated institutions.
Ripple added that the expansion reflects its strategy to grow beyond the XRP ecosystem.
Ripple partners with Figment to add Ethereum and Solana staking
The Company announced a partnership with Figment to offer staking services through Ripple Custody.
The service allows institutions to stake Ethereum and Solana. Ripple said this can be done without running validator infrastructure.
According to the firm, banks and custodians can offer staking rewards within existing custody workflows.
Ripple said operational controls remain intact. Security and compliance standards are maintained across supported networks.
Ripple stated it chose Ethereum and Solana because they are major proof-of-stake blockchains.
The firm said integrating staking into custody services simplifies access. Institutions can now expand offerings while managing risk controls.
Institutional demand drives Ripple custody and product expansion
Ripple said institutional demand continues to guide its custody roadmap.
The firm noted that regulated entities prefer integrated systems. These systems combine custody, governance, and staking services.
Aaron Slettehaugh, Senior Vice President of Product at Ripple, commented on the launch.
He said institutions require cohesive platforms to operate efficiently. He added that the partnership reduces technical friction.
“By bringing best-in-class security, compliance, and staking to Ripple Custody customers, we’re enabling faster deployment,” Slettehaugh said. He noted that clients can scale services with confidence.
Ripple said custody standards remain unchanged despite the expansion. The firm added that governance frameworks apply across supported networks.
This approach allows institutions to offer staking under regulated conditions.
Related Reading: Ripple Unveils XRP Lending Protocol and Privacy Features
Ripple expands beyond XRP while community engagement continues
The custody expansion follows Ripple Prime’s recent support for Hyperliquid.
Ripple said this marked its first integration with a decentralized finance venue. The firm added that the move provides institutions access to on-chain derivatives liquidity.
Ripple said custody and prime brokerage expansions are part of a broader platform strategy.
The firm aims to support multiple blockchain ecosystems. This allows institutions to engage across networks through regulated tools.
Alongside product expansion, Ripple announced XRP Community Day on February 11 and 12.
The event will include sessions on XRP utility and development. Ripple said regulated XRP products will be discussed.
Topics include ETFs, ETPs, and wrapped XRP. The firm said updates on features expanding XRP utility will be shared.
Speakers include Ripple executives Brad Garlinghouse, Monica Long, and Stuart Alderoty.
Former Chief Technology Officer David Schwartz will also participate.
Ripple said ecosystem partners from EMEA, the Americas, and APAC will join. One session will focus on XRP and stablecoin interoperability.
Ripple stated that XRP serves as an auto-bridge for settlement. This aligns with its institutional DeFi roadmap on the XRP Ledger.
The firm said custody expansion and ecosystem engagement remain parallel priorities.
Source: https://www.livebitcoinnews.com/ripple-pushes-beyond-xrp-with-new-ethereum-and-solana-custody-services/
