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Ripple Adds Securosys and Figment to Power Institutional Staking
Key Takeaways
- Ripple expands its custody platform with Securosys and Figment to help institutions launch staking and key-management services more easily;
- New hardware security modules let banks use on-prem or cloud tools for secure key control and staking on networks such as Ethereum and Solana;
- Ripple strengthens its shift toward institutional infrastructure with upgrades that support faster custody rollout and embedded compliance.
Ripple said on February 9 that it has added new features to its institutional custody platform by connecting it with Securosys and Figment.
The update introduces hardware security modules that help banks and custodians run digital asset services without building their own validator systems or key-management setups.
These modules allow institutions to offer staking while relying on external security tools rather than maintaining everything in-house.
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The new features follow Ripple’s purchase of Palisade and its earlier addition of Chainalysis compliance tools. With these changes, regulated firms can manage cryptographic keys using hardware installed on their premises or through cloud services.
They can also provide staking for networks such as Ethereum
Ripple said these integrations aim to reduce the difficulty of launching custody services and allow institutional clients to roll them out faster. The company has been increasing its focus on infrastructure for regulated firms as it moves beyond payments and builds tools for custody, treasury, and post-trade activities.
Ripple is a US-based blockchain company that supplies payment and custody technology to financial institutions. It also issues the XRP
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