Ripple Labs has forged a partnership with Absa Bank, a leading financial institution in Africa, to launch a new digital asset custody service in South Africa. This collaboration signifies the continent’s growing adoption of blockchain technology and Ripple’s commitment to expanding its presence in African markets. Through this partnership, Absa will utilize Ripple’s secure and scalable technology for storing digital assets safely. The aim is to provide institutional clients with a compliant method for securely holding digital currencies as real asset tokenization (RWA) and as global crypto adoption continues to rise. Absa becomes the first major African bank to adopt Ripple’s solution for digital asset custody.**, Releasing this new service opens up opportunities for financial institutions like Absa to meet evolving customer needs and ensure secure access to regulated and compliant digital asset services in the rapidly evolving financial landscape.