On March 18, Ripple Labs has submitted a trademark application for "Ripple Custody". According to the application documents, the trademark covers financial services, including the storage and management of crypto assets, to meet the needs of financial management. This trademark application closely follows Ripple's launch of its custody service in October 2024, indicating that the company is seeking to expand its revenue sources beyond payment settlement.

Additionally, the trademark application also mentions "downloadable software for the custody, transmission, and storage of cryptocurrency, fiat currency, virtual currency and digital currency", which may suggest that Ripple is considering launching an official crypto wallet. Currently, the company does not provide an official wallet service, but if launched, the product may support XRP and other digital assets, and create new revenue streams through transaction fees. Ripple's spokesperson declined to comment on the trademark application.