Ripple Labs, the blockchain firm behind the XRP token, has formally filed for a brand new trademark for the phrase mark ‘Ripple Custody.’ The submitting, submitted on February 25, 2025, with the US Patent and Trademark Workplace (USPTO), features a broad vary of providers. Ripple seeks to supply downloadable software program for the custody, transmission, and storage of varied currencies, together with cryptocurrency, fiat foreign money, digital foreign money, and digital foreign money. The trademark additionally covers monetary providers associated to the safekeeping of those property for monetary administration functions.
Ripple’s utility contains choices in a number of classes, together with:
Downloadable software program for custody and transmission of varied digital currencies.
Custodial providers, sustaining the storage and possession of digital and fiat currencies for monetary administration.
Peer-to-peer community providers, enabling the digital transmission of economic information over networks for custody and storage.
Software program as a Service (SaaS), offering non permanent on-line software program for cryptocurrency custody, transmission, and storage.
Ripple’s current trademark submitting for “Ripple Custody” has sparked hypothesis about whether or not the corporate will launch a crypto pockets. The submitting exhibits that Ripple is targeted on providing safe storage and administration for digital property. Whereas it doesn’t instantly point out a pockets, this transfer suggests Ripple might develop its providers to incorporate pockets options sooner or later, serving to customers and companies handle their cryptocurrencies extra securely.
The applying is at present in its early phases, with a standing of “New Utility” and no examiner but assigned. Whereas the submitting course of can take a number of months, Ripple’s transfer into custody providers may additional bolster its place inside the crypto ecosystem, increasing its attain past cross-border funds to safe asset administration options.
The worldwide cryptocurrency custody market is anticipated to surge to $100 billion inside the subsequent decade, pushed by rising institutional adoption and growing regulatory readability. Because the demand for safe asset storage options rises, Ripple’s strategic strikes to develop on this area place the corporate nicely to fulfill the wants of institutional shoppers, who require safe custody providers for his or her digital property.