Ripple Custody

Company and ownership

Ripple Custody is the institutional custody software line of Ripple Labs, Inc., the San Francisco company that Chris Larsen and Jed McCaleb founded in 2012. Brad Garlinghouse is chief executive and Monica Long is president. Larsen serves as executive chairman. Ripple has raised about $796 million in disclosed rounds, most recently $500 million in November 2025 at a $40 billion valuation.

Acquisitions built the product. Ripple bought Swiss custody technology firm Metaco for $250 million in May 2023 and added Palisade, an MPC wallet and custody company, in November 2025. It also owns Standard Custody & Trust Company, a New York trust company acquired in June 2024 that issues the RLUSD stablecoin.

Custody model and security

Clients run Ripple Custody under their own control, and Ripple states that it cannot sign transactions or access client assets. Institutional Custody, also called Vault, serves banks and regulated institutions with HSM-backed key management on premises or in the cloud, with optional MPC. Vault setups range from hot to cold, including air-gapped environments. Wallets is an API-first wallet-as-a-service for fintechs that uses MPC-TSS with no root key and keeps key shares in the customer's own cloud.

Ripple's pages cite FIPS 140-2 Level 3 HSMs, with Level 4 certification available through partners depending on the deployment model. In February 2026 Ripple added Securosys CyberVault HSM and cloud HSM options. A policy-as-code engine checks each transaction against client rules before execution. Chainalysis and Elliptic screening runs on the transaction layer, and Notabene is also integrated. Ripple lists SOC 2 Type II and ISO 27001 compliance, and its Trust Center provides the SOC 2 report on request.

Regulation and licenses

Ripple says its entities hold more than 85 licenses and registrations. Standard Custody & Trust Company has a limited purpose trust charter from the New York State Department of Financial Services, and Ripple Markets DE LLC holds a New York virtual currency license plus money transmission and related licenses in 43 US jurisdictions. On October 26, 2026, the Office of the Comptroller of the Currency gave final approval to Ripple National Trust Bank, which will oversee RLUSD reserves and, once open, will be authorized to provide fiduciary digital asset custody.

Outside the US, Luxembourg's CSSF granted Ripple an electronic money institution license in February 2026 and a MiCA crypto-asset service provider authorization in July 2026 covering all 30 EEA countries. The UK Financial Conduct Authority approved an EMI license and a cryptoasset registration in January 2026. Ripple Markets APAC holds a Major Payment Institution license from the Monetary Authority of Singapore, and Ripple Markets Ireland is registered as a virtual asset service provider with the Central Bank of Ireland. In Brazil, Ripple has said only that it plans to apply for a VASP license.

Products and integrations

Vault supports 28 ledgers, among them Bitcoin, Ethereum, Solana, the XRP Ledger, Canton and Hedera, with ERC-20, SPL, TRC-20 and XRPL token support. Wallets covers 11 chains. The Vault ledger table lists native staking for Cardano, Polkadot and Tezos, and a February 2026 release added staking through Figment that names Ethereum and Solana. Tokenization tools issue and redeem securities and stablecoins on the XRP Ledger and EVM networks.

Ripple names BBVA, DBS, DZ Bank, Intesa Sanpaolo, Societe Generale-FORGE and Absa Bank among custody users, and Korea's Kbank is deploying the wallet product. Its homepage counts more than 1,000,000 custody wallets.