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News

Ripple Files Trademark for “Ripple Custody” Expansion

2 mins mins
Key Points:

  • Ripple Labs applies for “Ripple Custody” trademark.
  • The move suggests an expansion in digital asset services.
  • XRP price drops 8% post announcement.

ripple-files-custody-trademark-amid-xrps-8-price-fall
Ripple Files ‘Custody’ Trademark Amid XRP’s 8% Price Fall

Ripple Labs has submitted a trademark application for “Ripple Custody”, aiming to expand its digital asset services. The application was filed on February 25, 2025.

This trademark proposal is significant due to Ripple’s previous acquisition of Swiss custody company Metaco. The application signals Ripple’s push into custody services and potential launch of a cryptocurrency wallet.

Ripple Files ‘Custody’ Trademark Amid XRP’s 8% Price Fall

Ripple Labs has filed a trademark application for “Ripple Custody,” covering financial services for managing cryptographic assets. The application suggests possible development of a cryptocurrency wallet, likely featuring support for XRP and other assets. This could add revenue through transaction fees.

Following this filing, XRP saw an 8% price decline, now trading at $2.3 as of March 16, 2025. Industry analysts note market uncertainty; despite the downturn, Ripple’s custody efforts are considered promising due to projected market growth.

Community reactions are mixed. Noah Christopher, an XRP community member, stated: “Are they positioning for mainstream adoption?” Source. Meanwhile, Ripple has yet to confirm specific plans for new wallet services.

Strategic Acquisition Boosts Ripple’s Custody Ambitions

Did you know?
Ripple’s acquisition of Metaco in 2023 for $250 million marked a pivotal shift, allowing it to support its expanding custody and asset management ambitions. This strategic move underpins the recent trademark filing for Ripple Custody.

XRP is currently trading at $2.3 after dropping 8% recently, fluctuating between $2.2 and $2.4. These movements align with anticipated trends in light of Ripple’s expanding custody services, reflecting historical market fluctuations.

Industry experts believe Ripple’s foray into custody services could have broad implications, impacting financial markets and driving potential regulatory scrutiny. As the global market for digital asset custody approaches the $100 billion mark, Ripple’s efforts to diversify could position it as a significant player in digital finance.

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Avatar of John Kojo Kumi

John Kojo Kumi

17 March 2025, 21:00:36 GMT +0000

John Kojo Kumi is a cryptocurrency researcher and writer specializing in emerging startups, tokenomics, and market dynamics within the blockchain ecosystem. With years of experience in crypto journalism and blockchain research, he provides in-depth coverage of decentralized finance (DeFi), NFTs, and Web3 innovations.

He holds a Bachelor of Arts in Geography and Rural Development from Kwame Nkrumah University of Science and Technology, Kumasi, bringing a multidisciplinary perspective to the evolving digital asset space. As a Crypto News Writer, he tracks and reports on industry trends, while his role as a Registrar at the Commission on Human Rights and Administrative Justice reflects his commitment to governance and transparency.

His expertise spans content strategy, SEO optimization, and technical research, enabling him to craft insightful, data-driven analyses. Passionate about blockchain’s transformative potential, he strives to equip readers with the knowledge to navigate the complexities of digital assets and decentralized technologies.

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