Ripple Expands Crypto Custody Services to Africa with Absa Bank Partnership After RLUSD Stablecoin Launch

Ripple is expanding its institutional custody infrastructure to Africa through a strategic partnership with Absa Bank, one of South Africa's largest financial institutions. This collaboration establishes Absa as Ripple's first major custody client on the African continent, highlighting increasing institutional demand for tokenized assets across emerging markets. The expansion follows Ripple's recent RLUSD stablecoin rollout, strengthening the company's global digital asset custody network.