Ripple is partnering with Securosys and Figment to expand its institutional custody services, integrate hardware security modules, and support Staking on Ethereum and Solana , thereby strengthening its position in the blockchain ecosystem.
Ripple has announced strategic partnerships with Securosys, a Swiss-based cybersecurity firm, and Figment, a leading provider of Staking infrastructure for proof-of- Stake networks, to comprehensively upgrade its institutional client custody platform focused on theXRP ecosystem. The announcement, made in a press release on February 9th, marks a significant step for the San Francisco-based fintech company in expanding its services beyond its core payments business.
According to analysts, this move will significantly simplify the efforts of banks and custodians in providing asset custody and Staking services, helping them avoid the complexity of having to operate their own validators or private key management systems.
Following the acquisition of Palisade – a French provider of digital wallet and custody infrastructure – and the integration of Chainalysis' compliance tools, new enhancements enable legally regulated organizations to securely manage cryptographic keys through on-premises or cloud-based hardware security modules (HSMs).
Specifically, organizations can now offer users the ability to Staking on major networks like Ethereum and Solana with integrated compliance checks that operate in real time. Ripple emphasizes that these new integrations simplify the deployment process and accelerate the launch of institutional custody services.
Expansion strategy and industry context
To maintain its competitiveness and solidify its leading position in the blockchain ecosystem, Ripple is enhancing its infrastructure capabilities for institutional clients, targeting areas such as custody, treasury management, and post-transaction services for regulated businesses.
This technology and digital payment network company – the Token Issuance of the XRP token and the dollar-pegged RLUSD stablecoin Peg in late 2024 – has just introduced a corporate treasury management platform that allows integration of traditional cash management systems with digital asset technology.
Analysts believe that as proof-of- Stake technology continues to develop, more institutions are showing increasing interest in Staking, despite the still unstable regulatory environment. Figment expanded its partnership with Coinbase last October, allowing Coinbase Custody and Coinbase Prime customers to Staking a variety of proof-of- Stake assets in addition to Ether, including Solana, Sui, Aptos , and Avalanche.
Amidst increasingly fierce competition, other blockchain businesses are also simultaneously updating their operations. Anchorage Digital – a managed institutional cryptocurrency asset platform – rolled out Staking support for the Hyperliquid ecosystem late last year through Anchorage Digital Bank in Singapore and the Porto self-custodial wallet, with Figment acting as the validator.
Fireblocks also announced earlier this month plans to adopt blockchain Stacks to expand institutions' access to Bitcoin-based lending and yield-generating products, reflecting a trend toward seeking new yield-generating methods beyond traditional Staking .
