Ripple’s Global Co-HAAD OF POLICY ON FURER BEST PRACTICES FOR DIGITAL Asset Custody

Rahul Advani, Ripple’s Global Co-Head of Policy, and Caren TSO, Its Asia-Pacific Policy Manager, Said in the Post that Custody is now Finance. They Pointed to A Recent Ripple-Boston Consulting Group Report Projecting That Tokenized Real-World Assets Could Reach $ 18.9 Trillion by 2033 Asia pacific plan to adapt Custody Solutions in the Next Three Years.

The Blog Post Was Published at the Same Time As the “Custody & Cybersecurity: Institution Best Practices for Stablecoins and Beyond” workhop Month. That event focused on Institutional Standards for Stablecoin Custody and Culminated in the Release of A “Best Practices” Report by Bas Subcomcomitytees on Stablecoins and Cybersecurity.

The Authors Outlined Four Principles That Should Guide Custody Design.

FIRST, they Called for A “Compliance-by-Design” Approach, Noting that Regulators Suchapore’s Monetary Authority (MAS) Require Strify Asset Segregation and Recovery.

Second, they stressed that instITIONS Must Custdy Custdy Models Suited to Their Needs, Wher Third-Party, Hybrid, or Self-Custdy, with Growing Demand-Forn Dowlet Types.

Third, The Executives Highlighted Operational Resilience. They SAID WORKFLOWS MUST WITHSTAND DISRUPTION, MEET RECOINE BENCHMARKS SET by REGIMES SUCH as the eu’s digital operational resilience, and inCorporate Strong Monitoring And Incont.

Fourth, they Pointed to Governance, City Segregation of Duties, Independent Oversight, and Audit Trails As Essential To Maintening Trust.

A fifth theme of the workhop, accounting to ripple, was the role of custody in enabling stablecoins to move into MAINSTREAM USE CASES SUCH AS Trade Finance, Cross-Borderter Payments. The Authors Argued that Enterprise-Grade Custodians Can Support This Shift by Offering Api Integration, Aml Tools and Programmable Features, WHILE ALSO EVOLVING TO SAFE. Global Commerce.

The Blog Also Promotted Ripple’s Own Products. The Company Highlightd Its Ripple USD (Rlusd) Stablecoin, WHICH IT SAID BENEFITS from BEING Issued Under A New York Trust Company Charter, With Requain, Full Dollar Backing. Ripple Added that ITS CUSTYY PLATFORM IS Designed to Help Institutions Manage Tokenized Assets While Meeting Compliance and Operational Standards.

Advani and TSO Concluded that as Digital Finance Expands, Custody Infrastructure Will Need to Integrate More Deeply with Smart Contracts, Tokenized Documents, Anus “These capabilities,” they wrote, “Will Help Lay The Foundation for a Digital Financial System that is Scalable, Inteoperable, and Fit for the New Era of Finance.”