The post Crypto News Today: Ripple Expands Global Crypto Custody Network to Africa with Absa Bank Deal appeared on BitcoinEthereumNews.com.

Ripple teams up with Absa Bank to launch crypto custody in South Africa, marking its first African custody partnership. Ripple has taken another step in expanding its presence across Africa. The blockchain firm recently announced a partnership with Absa Bank, one of the continent’s biggest financial institutions. This partnership is aimed at introducing crypto custody services in South Africa and stands as Ripple’s first digital asset custody partnership in Africa. Crypto Custody Partnership in Africa Under the agreement, Absa Bank will use Ripple’s secure custody technology to manage cryptocurrencies and tokenised assets for its clients. The goal is to provide a compliant platform that allows institutions to safely store and manage digital assets. Ripple’s Managing Director for the Middle East and Africa, Reece Merrick, said the collaboration shows the company’s long-term vision for the region.  Today, we’re excited to announce that @AbsaSouthAfrica, one of Africa’s leading financial institutions, is now @Ripple’s first major custody partner in Africa: https://t.co/9FQ5GTxMnK We’re bringing institutional digital asset custody to South Africa, providing the secure and… — Ripple (@Ripple) October 15, 2025 “Africa is experiencing a major shift in how value is stored and exchanged, and our partnership with Absa shows Ripple’s commitment”, Merrick stated. Interestingly, Ripple has been expanding around the world, and has so far covered Europe, Asia-Pacific, Latin America and now Africa.  Absa Enters the Digital Asset Space Absa Bank, which serves over 12 million customers across ten African countries, will now offer institutional crypto custody solutions to its clients.  This service will allow companies and investors to store crypto and tokenised financial products using Ripple’s enterprise-grade platform. Robyn Lawson, Head of Digital Product, Custody at Absa Corporate and Investment Banking, said the move comes with the bank’s mission to provide modern financial tools.  “We recognise the importance of giving our customers…

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Filed under: News - @ October 15, 2025 10:29 pm