Key Highlights
- Ripple and SettleMint partnered to provide financial institutions with an integrated platform for digital asset custody, issuance, compliance, settlement, and servicing.
- The solution combines Ripple Custody with SettleMint’s Digital Asset Lifecycle Platform (DALP).
- The partnership is already available in Asia, with plans to expand into additional markets based on institutional demand.
Ripple, a global payment network, and SettleMint, an enterprise blockchain platform, announced a strategic partnership to provide regulated financial institutions with a combined platform for custody, issuance, and management of tokenized assets. The collaboration integrates Ripple Custody, the company’s institutional digital asset custody infrastructure, with SettleMint’s Digital Asset Lifecycle Platform, known as DALP.
In an official announcement published on September 1, the partnership is already available in Asia and is intended for expansion to additional markets based on institutional demand. It allows institutions to manage digital assets through a single integrated system covering issuance, compliance, custody, settlement, and servicing.
Details of the integrated platform
Ripple Custody supplies institutional-grade infrastructure for securing digital assets, stablecoins, and real-world assets. The announcement further notes that, in the past year, Ripple expanded the platform through partnerships with Securosys and Figment, an integration with Chainalysis, and the acquisition of Palisade. These steps aim to streamline procurement for banks, fintechs, and corporates.
SettleMint’s DALP is described as an institutional-grade, composable platform for regulated financial institutions, market infrastructure operators, and sovereign entities. It is in use in production and pre-production programs across North America, Europe, the Middle East, and the Asia Pacific, the announcement notes.
The platform supports design, issuance, and management of tokenized real-world assets and functions as a governed control plane for the full asset lifecycle after launch. Features include compliance and permissioning controls required by regulated institutions.
According to the announcement, together, the systems enable institutions to hold and manage digital assets under regulated conditions without relying on separate vendors for custody, issuance, compliance, and servicing. This reduces the need for multi-vendor coordination and associated reconciliation processes.
Context on Tokenization activity
Ripple has also invested in tokenization infrastructure firms ZILO and Licuido. An official company blog post published on August 3 stated that the investments support services including token issuance, transfer agency operations, and collateral management on the XRP Ledger. The investments deepen existing relationships with the two companies.
Separately, Ripple has initiated an AI-only security review of Lending Protocol V1.1 for the XRP Ledger. The review is being conducted through the Sherlock Audit Engine.
Sherlock described the process as combining AI auditors and frontier models with specialized security skills, adapting the review to the protocol’s scope and complexity. A full account of the review is expected after completion.
Industry report reference
A Boston Consulting Group report titled “The Future of Digital Assets,” published in May 2026, projected that tokenized real-world assets could reach $88 trillion by 2035. The report stated that banks failing to adapt could face a potential 30 percent reduction in profits by that year.
It also noted that banks could use tokenized products to shift from traditional intermediation toward infrastructure roles, with possible applications in tokenized funds and automated collateral mobility and custody solutions.
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