Ripple Adds Figment and Securosys to Boost Institutional Custody and Staking
Ripple has expanded its institutional custody offering, Ripple Custody, through strategic partnerships with Figment and Securosys. The Figment integration enables banks, custodians and regulated entities to offer staking services on major networks (including Ethereum and Solana) without running their own validators, preserving institutional security and governance. Securosys brings hardware-based key management via CyberVault HSM and CloudHSM support, allowing flexible on-premises or cloud deployment and broadening HSM vendor options to reduce cost, complexity and procurement delays. Ripple’s recent acquisition activity (e.g., Palisade) complements these moves to broaden enterprise services. On-chain activity on the XRP Ledger remains muted: total locked value fell from about $80M early in the year to $49.6M, while stablecoins on the network are roughly $415.85M. XRP’s price has declined ~32% over the past month to around $1.44 at the time of reporting. The partnerships primarily strengthen Ripple’s institutional custody and settlement capabilities but have not yet materially affected XRP on-chain metrics or price.
Neutral
The news is institution-focused and improves Ripple’s product offering—better custody, staking access via Figment, and stronger key-management options via Securosys. Those are constructive for long-term institutional adoption and service competitiveness, which is typically bullish for fundamentals. However, the partnerships are operational and infrastructure-level improvements rather than demand-driving consumer events. There is no immediate on-chain or price impact: XRPL locked value has declined and XRP price fell ~32% in the past month. Historically, custody and infrastructure upgrades (e.g., major custodian integrations or HSM support) support institutional inflows over months-to-years rather than triggering short-term rallies. Therefore, expect limited short-term market reaction (neutral), but a modest positive influence on long-term institutional sentiment if integrations lead to new custody clients and staking flows. Traders should watch custody client announcements, staking volume inflows, and any subsequent changes in XRPL locked value and XRP spot volume for signals that sentiment is shifting from neutral to mildly bullish.