Ripple applies for custody and Wallet trademarks, or expands encryption custody business

GateUser-6433627c · 2025-03-18T01:29:04+00:00

Ripple Labs has submitted a trademark application for "Ripple Custody", which means they may be planning to expand sources of income beyond encryption custody business. The application mentions Cryptocurrency custody software, implying the possible launch of an official encryption Wallet service. Ripple has not yet commented on this. This move seems to be aimed at expanding business beyond payment Settlement.

GateUser-6433627c

2025-03-18 01:29:04

Abstract generation in progress

Ripple has applied for the ‘Ripple Custody’ trademark and may expand its encryption custody business. Ripple Labs has filed a trademark application for ‘Ripple Custody.’ According to the application documents, this trademark covers Financial Service, including the storage and management of encryption assets to meet financial management needs. This trademark application follows the launch of custody services by Ripple in October 2024, indicating that the company is seeking to expand its sources of income beyond payment Settlement. In addition, the trademark application also mentions “downloadable encryption currency, legal currency, virtual currency, and digital currency custody, transmission, and storage software”, which may indicate that Ripple is considering launching an official encryption Wallet. Currently, the company has not yet provided official Wallet services, but if launched, the product may support XRP and other digital assets, and create new sources of revenue through transaction fees. A Ripple spokesperson declined to comment on the trademark application.

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