As per U.Today, Ripple, a San Francisco-based blockchain company, has applied for the 'Ripple Custody' trademark in the United States. The application, which includes both downloadable and cloud-based software for safeguarding cryptocurrencies and fiat currencies, has been received by the United States Patent and Trademark Office (USPTO). However, no examiner has been assigned yet, and the approval process may take several months. This move highlights Ripple's growing focus on its custody business, following its $250 million acquisition of Swiss custody firm Metaco in 2023. Ripple has also partnered with South Korean custodian BDACS to offer custody services for XRP and the Ripple USD (RLUSD) stablecoin. The global cryptocurrency custody market is projected to reach $100 billion within the next decade.
Ripple Applies for 'Ripple Custody' Trademark in the U.S.
KuCoin NewsShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.