{"id":839010,"date":"2025-04-04T16:12:05","date_gmt":"2025-04-04T21:12:05","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/04\/xrp-up-15-as-ripple-expands-reach-files-crypto-custody-trademark\/"},"modified":"2025-04-04T16:12:05","modified_gmt":"2025-04-04T21:12:05","slug":"xrp-up-15-as-ripple-expands-reach-files-crypto-custody-trademark","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/04\/xrp-up-15-as-ripple-expands-reach-files-crypto-custody-trademark\/","title":{"rendered":"XRP Up 15% as Ripple Expands Reach, Files Crypto Custody Trademark"},"content":{"rendered":"<div>\n<div id=\"blockquote-block_089567fef1f235dca660d160fec2bccf\">\n<ul>\n<li>Ripple Labs\u2019 recent trademark filing for \u201cRipple Custody\u201d follows their institutional digital asset custody blog and suggests expansion beyond their core payments business.<\/li>\n<li>The application covers software for managing cryptocurrencies and financial custodial services, alongside network services for secure financial data transmission.<\/li>\n<li>In October 2024, Ripple launched a custody platform for tokenised assets that will be used by major banks including BBVA, DBS and Societe Generale Group.<\/li>\n<li>XRP price has responded positively to these developments, rising 15% week on week to reach US$2.34, despite confusion around an SEC website proposal by Maximilian Staudinger.<\/li>\n<\/ul>\n<\/div>\n<p>Ripple Labs has just filed an<a href=\"https:\/\/trademark.justia.com\/990\/56\/ripple-99056495.html\"> application<\/a> for a trademark on the phrase \u2018Ripple Custody\u2019. This comes just a week after they released a<a href=\"https:\/\/ripple.com\/insights\/digital-asset-custody\/\"> blog<\/a> post about institutional digital asset custody, titled \u2018Digital Asset Custody: A Guide to Crypto Custody for Institutions\u200b\u2019.<\/p>\n<figure>\n<div>\n<blockquote data-width=\"500\" data-dnt=\"true\">\n<div lang=\"en\" dir=\"ltr\">\n<p>????Ripple has applied for a new trademark. <\/p>\n<p>Downloadable software for custody of cryptocurrency, fiat currency, virtual currency, and digital currency; downloadable software for transmission and storage of cryptocurrency, fiat currency, virtual currency, and digital currency\u2026 <a href=\"https:\/\/t.co\/s8Bl190yoH\">pic.twitter.com\/s8Bl190yoH<\/a><\/p>\n<\/div>\n<p>\u2014 ????Crypto Eri ~ Carpe Diem (@sentosumosaba) <a href=\"https:\/\/twitter.com\/sentosumosaba\/status\/1901130951171993933?ref_src=twsrc%5Etfw\">March 16, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>This indicates that they are looking to expand their crypto asset custody services beyond their core business of payments.<\/p>\n<p><strong>Related:<\/strong><a href=\"https:\/\/cryptonews.com.au\/news\/standard-chartered-adjusts-2025-price-estimates-for-ethereum-bitcoin-127843\/\"><strong> <\/strong><strong>Standard Chartered Adjusts 2025 Price Estimates for Ethereum, Bitcoin<\/strong><\/a><\/p>\n<p>The filing includes use cases for downloadable software for managing, transmitting and storing cryptocurrencies and other currencies, along with financial custodial services for these assets.<\/p>\n<p>It would also cover network services for the electronic transmission of financial data, enhancing the efficiency and security of transactions, as per the filing.<\/p>\n<p>The wording of the filing has led to speculations that Ripple may be working on a crypto wallet \u2013 they currently don\u2019t offer such a service.<\/p>\n<figure>\n<div>\n<blockquote data-width=\"500\" data-dnt=\"true\">\n<div lang=\"en\" dir=\"ltr\">\n<p>Ripple just filed for a new trademark for a downloadable software that will let people store their cryptocurrencies..<\/p>\n<p>IS RIPPLE GOING TO CREATE A WALLET APP? ???? <a href=\"https:\/\/t.co\/MC4bs1g5BY\">pic.twitter.com\/MC4bs1g5BY<\/a><\/p>\n<\/div>\n<p>\u2014 ???? ???????????????? ???????????????????? ???? (@KingKaranCrypto) <a href=\"https:\/\/twitter.com\/KingKaranCrypto\/status\/1901136630594814123?ref_src=twsrc%5Etfw\">March 16, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h2 id=\"h-ripple-s-forays-into-the-world-of-crypto\">Ripple\u2019s Forays Into the World of Crypto<\/h2>\n<p>In October 2024 Ripple<a href=\"https:\/\/cryptonews.com.au\/news\/ripple-launches-bank-grade-crypto-custody-targeting-16-trillion-tokenisation-market-123921\/\"> announced the launch of a custody platform<\/a> to allow bank-grade storage, transfer and settlement of tokenised financial assets.<\/p>\n<p>According to Ripple president Monica Long, big banks like BBVA, Singapore\u2019s DBS and Societe Generale Group would be using the platform, which she called the \u201cde facto tech\u201d, for these banks.<\/p>\n<p>Last year the company also launched its own stablecoin,<a href=\"https:\/\/cryptonews.com.au\/news\/ripple-shares-first-rlusd-audit-as-crypto-com-axes-usdt-in-europe-over-mica-concerns-126031\/\"> RLUSD<\/a>, in a bid to broaden its stance in the crypto sector. Some in the community see the stablecoin and custody efforts as a sort of financial trojan horse.<\/p>\n<figure><\/figure>\n<h2 id=\"h-xrp-price-surges-on-flurry-of-news\">XRP Price Surges on Flurry of News<\/h2>\n<p>Meanwhile,<a href=\"https:\/\/cryptonews.com.au\/category\/xrp\/\"> XRP<\/a> has reacted positively to the events, gaining as much as 15% week on week. Currently, XRP trades for US$2.34 (AU$3.66), with a daily trading volume of US$3.46 billion (AU$5.42 billion), down 11%.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcuNxZJHw3TNWnK_0HndaUlN5TB76xZMB1DrYgBir8ag-SKXLgAjEdqv3ZQzxBXaB5KUpduT2ljRGWkv_nDJ2reXh7eDNTVVuNAG2TZY3IDTNumANf75NZluAIxCgFredsN5jjF?key=oXkL1qbg7H7kFkfy6AM-gKxl\" alt data-eio=\"l\" data-old-src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\"><figcaption>XRP, weekly chart, source: CoinMarketCap<\/figcaption><\/figure>\n<p>Over the weekend, the coin made waves when relatively unknown Maximilian Staudinger<a href=\"https:\/\/cryptonews.com.au\/news\/xrp-a-strategic-asset-proposal-on-us-sec-website-leaves-investors-scratching-their-heads-127814\/\"> posted a proposal<\/a> on the website of the US Securities and Exchange Commission (SEC).<\/p>\n<p><strong>Related:<\/strong><a href=\"https:\/\/cryptonews.com.au\/news\/altcoin-etfs-canary-files-for-sui-fund-hashdex-amends-s-1-for-index-etf-127841\/\"><strong> <\/strong><strong>Altcoin ETFs: Canary Files for SUI Fund, Hashdex Amends S-1 for Index ETF<\/strong><\/a><\/p>\n<p>Staudinger made private comments about XRP\u2019s utility as a strategic asset for the US Government. However, these comments were misinterpreted as coming from the SEC, incorrectly implying that the regulator had recommended the US purchase XRP.\u00a0<\/p>\n<\/p><\/div>\n<p> Aaron Feuerstein<br \/><a href=\"https:\/\/cryptonews.com.au\/news\/xrp-up-15-as-ripple-expands-reach-files-crypto-custody-trademark-127849\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple Labs\u2019 recent trademark filing for \u201cRipple Custody\u201d follows their institutional digital asset custody blog and suggests expansion beyond their core payments business. The application covers software for managing cryptocurrencies and financial custodial services, alongside network services for secure financial data transmission. In October 2024, Ripple launched a custody platform for tokenised assets that will<\/p>\n","protected":false},"author":1,"featured_media":839011,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4352,25213],"tags":[6672,11467],"class_list":{"0":"post-839010","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-expands","8":"category-ripple","9":"tag-expands","10":"tag-ripple"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/839010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=839010"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/839010\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/839011"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=839010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=839010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=839010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}