Overview

• Absa will use Ripple’s platform to store and manage cryptocurrencies and tokenized assets for institutional clients.
• Ripple identifies Absa as its first major custody customer on the continent, extending a service already live in Europe, Asia and Latin America.
• The companies emphasized built-in compliance controls and cited more than 60 global licenses to meet banks’ regulatory requirements.
• No launch timeline or initial list of supported assets was disclosed for the South Africa offering.
• The deal builds on Ripple’s 2025 Africa push, including a Chipper Cash payments collaboration and RLUSD rollout with VALR and Yellow Card, with Ripple reporting 64% of regional finance leaders prioritize faster settlement.