Ripple announced the launch of a crypto custodian service designed to help banks and fintech companies store digital assets. These new features include integration with Ripple's XRP Ledger blockchain platform, anti-money laundering risk monitoring, and a user-friendly interface. Ripple hopes to expand its business beyond its core payment settlement platform, RippleNet, with this move. The company's Ripple Custody brand will offer customers the ability to tokenize real-world assets and allow for fast and low-cost transactions using the XRP Ledger. Ripple has also acquired Metaco and Standard Custody & Trust, furthering its custody business.