Ripple partners with SettleMint to give banks a one-stop shop for tokenized assets

Ripple and SettleMint have joined forces to build what amounts to a unified control center for banks dealing with tokenized assets. The partnership integrates Ripple Custody with SettleMint’s Digital Asset Lifecycle Platform, giving regulated financial institutions a single system to issue, store, and manage digital assets without juggling a half-dozen vendors.

The collaboration is initially targeting Asia Pacific, with plans to expand into other regions as demand grows.

What the integration actually does

Ripple Custody handles the storage and security side, using hardware security modules and multi-party computation to keep institutional-grade assets locked down. SettleMint’s DALP covers everything else in the asset lifecycle, from design and issuance to permissioning and post-issuance servicing.

Fiona Murray, Ripple’s Managing Director for Asia Pacific, framed the value proposition around eliminating complexity.

“Institutions seek to avoid stitching together separate solutions for asset custody and governance.”

Why this matters for institutional adoption

BCG has projected that the market for tokenized real-world assets could reach $88 trillion by 2035.

Ripple Custody has been on an expansion tear, building out its capabilities through partnerships with Securosys for key management, Figment for staking services, and Chainalysis for compliance monitoring.

SettleMint’s DALP has been deployed across programs in North America, Europe, the Middle East, and Asia Pacific. The company also recently completed a clean SOC 2 Type II audit. SettleMint has also signed a memorandum of understanding with SBI Digital Markets, adding another connection point to the Asian institutional finance ecosystem.

The competitive landscape and what to watch

The Asia Pacific focus is strategic. Singapore’s Monetary Authority and Hong Kong’s Securities and Futures Commission have both been advancing regulatory frameworks that encourage digital asset innovation within guardrails.

No specific clients have been named. Contract terms and pricing structures haven’t been disclosed. The specific blockchain networks supported by the integration also remain unclear.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.