Ripple SettleMint Partnership Launches Tokenised Asset Platform
Ripple and SettleMint have launched an integrated platform designed to help regulated financial institutions issue and manage tokenized assets. The solution combines Ripple Custody with SettleMint’s Digital Asset Lifecycle Platform to provide a unified system for custody, issuance, compliance, and settlement. Launched in the Asia Pacific region on September 1, the platform aims to eliminate the need for institutions to manage fragmented vendor systems across the asset lifecycle. While the partnership targets banks and sovereign entities, it does not mandate the use of the XRP Ledger, XRP, or Ripple’s RLUSD stablecoin. The platform emphasizes self-custody infrastructure, allowing institutions to retain private-key control through hardware security modules and multi-party computation. Although the companies have not disclosed specific clients or implementation volumes, the initiative aligns with broader institutional efforts to modernize financial infrastructure. This development reflects a strategic push to capture the projected growth of the tokenized real-world asset market, which some forecasts estimate could reach $88 trillion by 2035.
- ▸Ripple and SettleMint launched an integrated tokenized asset platform in Asia Pacific on Sept 1.
- ▸The platform combines Ripple Custody with SettleMint’s DALP for end-to-end asset lifecycle management.
- ▸The solution supports self-custody and does not require the use of XRP or the XRP Ledger.
- ▸The partnership targets regulated institutions like banks and sovereign entities for tokenized asset issuance.
Ripple is a technology company providing enterprise blockchain solutions, with its custody division focusing on secure digital asset storage and governance for financial institutions. SettleMint is a blockchain middleware provider that offers a Digital Asset Lifecycle Platform (DALP) to help enterprises design, deploy, and manage tokenized assets without requiring deep internal blockchain expertise.