Ripple recently submitted a trademark request for “Ripple Custody,” indicating a greater foray South Korea’s Stance on Integrating Bitcoin into National Holdings the digital asset custody arena. The submission unveils blueprints for both downloadable and cloud-based programs crafted to safeguard digital assets (cryptocurrencies) and conventional government-issued money.
Even though the submission has been taken and documented, it remains in the preliminary phases. The U.S. Patent and Trademark Office (USPTO) hasn’t yet designated an investigator, implying endorsement is not yet assured. The USPTO could turn down the submission if there are comparable current trademarks.
This action comes after Ripple’s procurement of Swiss custody enterprise Metaco for $250 million the previous year. From that time, Ripple has been vigorously broadening its custody offerings, including introducing a bank-standard service in October 2024. Ripple seems to be arranging itself to take advantage of the increasing crypto custody marketplace, which is anticipated to reach $100 billion within the coming 10 years. They’ve additionally allied with a South Korean custody supplier to provide offerings for XRP and their forthcoming RLUSD stablecoin.
