absabank

🚨 South Africa's Absa Group officially launched a digital asset custody service, making it the first bank in Africa to offer cryptocurrency custody services for institutions.
-World of Currencies
#AbsaBank

Absa has become the first African bank to launch Bitcoin custody services, signaling a major shift in institutional digital asset adoption across the continent.

#AbsaBank #BitcoinCustody ‎

🚨 Ripple Expands Institutional Custody Footprint in Africa with Absa Bank Partnership
Big news for XRP and digital asset adoption in Africa.
Ripple has announced a strategic partnership with Absa Bank, one of South Africa’s largest and most respected financial institutions, to bring its institutional-grade digital asset custody solution to the continent.
💡 The collaboration marks Ripple’s first major custody partnership in Africa, signaling growing confidence in secure and scalable crypto infrastructure for banks and enterprises.
According to Reece Merrick, Managing Director for the Middle East & Africa at Ripple:
“Absa is one of the most respected and innovative banks in Africa. This partnership underscores Ripple’s commitment to unlocking the potential of digital assets across the region.”
Robyn Lawson, Absa’s Head of Digital Product & Custody, added:
“We recognize the importance of providing customers with secure, compliant, and robust custody solutions for their digital assets.”
This move follows Ripple’s recent expansion of its USD-backed stablecoin (RLUSD) into Africa through partnerships with Chipper Cash, VALR, and Yellow Card — accelerating institutional and retail crypto adoption across the continent.
🚀 With tokenization and digital asset infrastructure rapidly evolving, Ripple’s partnership with Absa sets the stage for a new era of blockchain-powered finance in Africa.
#Ripple #XRP #AbsaBank #Blockchain #Web3
https://coingape.com/xrp-news-ripple-strikes-deal-with-a-leading-bank-to-expand-global-custody-footprint/?utm_source=coingape&utm_medium=linkedin

Ripple Expands into Africa: Absa Bank is the First Custodian of Digital Assets

Ripple has just expanded its operations into Africa through a strategic partnership with #AbsaBank from South Africa. Absa becomes Ripple's first custodian of digital assets on the continent, marking a significant step in providing blockchain infrastructure services to global financial institutions.

Providing Regulated Custody

Absa Bank will use Ripple's technology to store and manage crypto assets, as well as tokenize assets for customers, all while strictly adhering to local legal regulations. This collaboration strengthens the role of #Ripple from a payment solution company to a comprehensive blockchain infrastructure provider, with custody services already deployed in Europe, Asia, and Latin America.
Partnering with Absa is the next step following Ripple's projects with Chipper Cash and plans to launch the RLUSD stablecoin in Africa. The interest from financial institutions in the region is significant: 64% of financial leaders in the Middle East and Africa view transaction speed and costs as the main reasons for adopting blockchain technology. This agreement helps South Africa become one of the few African countries with a major bank offering mainstream crypto custody services. #anh_ba_cong