Ripple Labs is signaling a potential expansion into the digital wallet space, building on its existing crypto custody services. A recent trademark application for “Ripple Custody” hints at a downloadable software offering, suggesting a wallet service is in development.
The trademark specifies software designed for the custody of cryptocurrencies, indicating Ripple’s ambition to provide users with a means to store and manage their digital assets directly. Furthermore, the application reveals the company’s intent to handle both cryptocurrencies and fiat currencies, suggesting a comprehensive financial service integration.
While Ripple launched a crypto custody service targeted at banks and fintech companies earlier in 2024, a direct-to-consumer wallet would represent a significant broadening of its offerings, potentially bringing its custody solutions to a wider audience.
