Ripple Expands African Footprint Through Strategic Partnership with Absa Bank
Ripple has introduced a strategic partnership with South Africa’s Absa Bank. Under the settlement, Absa will combine Ripple’s custody expertise to handle tokenized property, together with cryptocurrencies.
With this partnership, Absa good points entry to Ripple’s institutional-grade expertise, whereas the latter advances its broader mission of integrating digital property into mainstream monetary operations throughout Africa.
Institutional Digital Asset Custody
The newest growth marks Ripple’s first main custody collaboration in Africa, which comes at a time of accelerating demand amongst emerging-market monetary establishments for compliant digital asset options.
The partnership strengthens the San Francisco-headquartered firm’s footprint on the continent, constructing on earlier initiatives akin to supporting Africa-focused funds platform Chipper Cash with crypto-enabled fee instruments and facilitating the launch of its USD-backed stablecoin RLUSD within the area.
In an official assertion, Robyn Lawson, Head of Digital Product, Custody, at Absa Corporate and Investment Banking, said,
“As we proceed to innovate and reply to the evolving monetary ecosystem, we recognise the significance of offering our clients with safe, compliant, and sturdy custody options for his or her digital property. Ripple’s custody resolution permits us to leverage confirmed and trusted expertise that meets the best safety and operational requirements. Together, we are able to ship the following era of monetary infrastructure to our clients.”
The firm’s world custody community now spans Europe, the Middle East, Asia-Pacific, Latin America, and Africa, and serves monetary establishments navigating the panorama of blockchain and tokenized property.
Ripple’s 2025 New Value Report revealed that 64% of finance leaders within the Middle East and Africa cite quicker funds and settlement occasions as an vital issue for adopting blockchain-based currencies in cross-border flows.
Other Key Developments
The transfer follows Ripple’s partnership with Bahrain Fintech Bay final week to advance Bahrain’s digital property ecosystem. The important goal behind that is to concentrate on growing proofs-of-concept and pilot tasks in blockchain, cross-border funds, digital property, stablecoins, and tokenization. Ripple and BFB additionally plan to drive data initiatives by academic applications and accelerators, whereas actively collaborating in native ecosystem occasions.
As reported by CryptoPotato earlier, Ripple partnered with Immunefi to strengthen the safety of its XRPL Lending Protocol to launch a worldwide “Attackathon” with a $200,000 prize pool. Top Web3 safety researchers have been invited to determine vulnerabilities forward of the protocol’s validator vote. The initiative additionally provides focused XRPL coaching by the Attackathon Academy.
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