Ripple Expands Crypto Custody Services to Africa Through Absa Partnership
Ripple is broadening its institutional crypto footprint in Africa with a new partnership with Absa Bank, one of South Africa’s largest financial institutions. The deal makes Absa Ripple’s first major custody client on the continent, allowing the bank to securely store and manage digital assets for institutional clients while navigating Africa’s evolving regulatory landscape.
The move is part of Ripple’s ongoing strategy to provide blockchain infrastructure for regulated institutions. Ripple’s custody platform, launched earlier this year, is already active across Europe, Asia, and Latin America.
This expansion follows Ripple’s earlier collaboration with Chipper Cash to support crypto-enabled payments and the rollout of its USD-backed stablecoin RLUSD in African markets.
According to Ripple’s 2025 New Value Report, 64% of finance leaders in the Middle East and Africa cite faster settlement and lower transaction costs as key drivers for integrating blockchain into payments.
With 60+ regulatory licenses worldwide, Ripple is well-positioned to deliver compliant digital asset solutions.
