How the Ripple-Settlemint Deal Could Change Institutional Crypto

Ripple and Settlemint Combine Custody With Tokenization

Ripple and Settlemint, a blockchain technology company specializing in digital asset lifecycle management, formed a strategic partnership to provide regulated financial institutions with an integrated system for issuing, holding, and managing tokenized assets. The partnership announced Sept. 1 connects Ripple Custody with Settlemint’s Digital Asset Lifecycle Platform, known as DALP, which allows institutions to manage issuance, compliance, custody, settlement, and servicing through one governed system.

“Financial institutions across Asia Pacific are putting digital assets to work. They are asking how to do more without stitching together separate solutions for custody, issuance and governance,” Fiona Murray, Ripple’s managing director for Asia Pacific, said, adding:

“This partnership gives them the foundation to roll out digital assets and future-proof them from there: Ripple Custody to hold and govern the asset, and Settlemint to manage its entire lifecycle.”

The combined offering addresses an operational divide between safeguarding digital assets and managing them after issuance. DALP provides controls for issuance, compliance, settlement, and servicing, while Ripple Custody governs how institutions store and control the assets. The announcement says running those functions on a single platform removes the multi-vendor assembly and reconciliation gaps that appear when institutions operate across separate vendors.