Ripple Integrates Securosys HSMs and Figment Staking to Boost Institutional Custody
Ripple has expanded its institutional custody platform by integrating Securosys hardware security modules (HSMs) for on‑premises or cloud key management and Figment’s staking services to enable custodians and banks to offer staking without running validators. The upgrades include embedded compliance checks—building on Ripple’s prior Palisade acquisition and Chainalysis tooling—and aim to accelerate deployment of custody, key‑management and staking services for regulated firms. Supported networks include Ethereum and Solana; services promise faster rollout, stronger compliance, and optional on‑premises key control. The move aligns with Ripple’s broader push into institutional infrastructure (custody, treasury and post‑trade) and follows its RLUSD stablecoin launch. For traders: the integrations may strengthen institutional adoption of Ripple’s services and related demand for XRP over the medium to long term, though near‑term XRP price action will still depend on broader market conditions and technical indicators.
Bullish
The integrations materially improve Ripple’s institutional custody offering by adding on‑premises/cloud HSM support and outsourced staking—features that reduce operational friction and regulatory obstacles for banks and custodians. That makes it more likely institutional clients will adopt Ripple’s custody and staking services, which could increase demand for XRP over the medium to long term (supporting a bullish outlook). Near term, price reaction is likely muted and dependent on overall crypto market direction and technicals; institutional onboarding typically drives gradual, not immediate, price appreciation. Overall, the fundamental effect on XRP is positive because enhanced custody, compliance and staking remove barriers to institutional flows.