Ripple Labs has filed a trademark application for “Ripple Custody,” indicating its expansion into the crypto custody sector.
The application, submitted on February 25, details four primary use cases, including “custodial services for maintaining storage and possession of cryptocurrency for financial management.”
Crypto custody services have gained importance, especially after the approval of Bitcoin ETFs in the U.S. in 2024. Major institutions like Coinbase, Citi, and BNY Mellon are already established in this arena, offering secure storage solutions. Ripple’s move suggests it aims to enter this competitive market.
The filing also hints at a potential crypto wallet launch, mentioning “downloadable software for custody, transmission, and storage of cryptocurrency, fiat, virtual, and digital currencies.”
