Ripple and Futureverse, an AI and metaverse technology and content company, have announced plans “to integrate Ripple Custody to enable Futureverse to securely custody its digital assets.”
Futureverse will enable “secure, compliant Know Your Customer (KYC) verified access to DeFi via its self-developed Ottó blockchain.”
Futureverse will leverage Ripple Custody “to ensure cryptocurrencies are safely received and stored before being minted on the Ottó blockchain.”
With the crypto custody market expected to reach nearly $10 trillion by 2030, “the need for secure, compliant, and institutional-grade custody solutions are critical.”
Ripple Custody is designed to “meet this demand, with a state-of-the-art governance framework to safeguard a wide array of digital assets – from stablecoins to tokenized real-world assets like stocks, bonds, commodities, and real estate.”
By addressing the increasing adoption and importance of digital assets, Ripple Custody ensures that institutions, enterprises, and crypto businesses “can securely custody their digital assets while navigating the evolving Web3 landscape with confidence.”
Ripple’s enterprise-grade solutions “are designed to meet the evolving needs of businesses in the digital economy.”
Beyond custody, Ripple provides a comprehensive “suite of services, including secure storage of crypto and digital assets, off-ramping of stablecoins, and payouts in local fiat currencies across 80+ markets.”
These solutions are tailored to help businesses “scale without compromising on security, compliance, or operational efficiency.”
Ripple and Futureverse are long-standing “participants in the XRP Ledger (XRPL) community. Futureverse has adopted the XRPL NFT standard, which leverages the network’s low transaction fees and high throughput capabilities.”
Additionally, Futureverse utilizes XRP as “the network gas token and is integrated with the XRPL decentralized exchange (DEX) to supply network liquidity.”
In 2023, Ripple participated “in Futureverse’s $54 million Series A funding round, led by 10T Holdings.”
