Futureverse has announced plans to introduce Ripple Custody to safely store crypto assets.
Futureverse is a blockchain company that is designed to provide a secure, compliant, Know Your Customer (KYC)-certified DeFi platform.
Futureverse will provide Ripple with a secure platform to receive and store cryptocurrencies before they are minted by Otto.
The company plans to utilize stodgy services. With the size of the virtual currency custody market expected to reach approximately $10 trillion (approximately 1461 trillion yen) in 2030, the company plans to utilize stodgy services.
There is a growing need for solutions like Ripple Custody. Ripple Custody is a blockchain platform that allows users to custody a wide range of crypto assets, from stablecoins to tokenized real assets such as stocks, bonds, commodities, and real estate.
Ripple Custody is designed to meet this demand with a cutting-edge governance framework that can protect assets.
We empower virtual asset businesses to safely accept virtual assets while confidently navigating the evolving Web 3.0 environment.
Founder of AutoBlockchain and Chief Customer Officer of Futureverse
Jeffrey McDonald said, "Futureverse Ripple
Custody's adoption is the result of Ripple's industry-leading security and reporting capabilities
"Given Ripple's industry-leading product capabilities and long-standing relationship, we are excited to partner with them to continue our development in the AI and metaverse technology areas of Futureverse."
"We decided that Custody was the most ideal solution for us," said Ripple's CEO. Ripple's enterprise solutions are designed to help our evolving business in the digital economy.
Ripple is designed to meet the needs of the digital asset market. Ripple provides not only custody but also secure storage of cryptocurrencies and crypto assets, an off-ramp for stablecoins, and fiat currency exchange in over 80 countries.
We offer a wide range of services, including payments, digital transformation, and more. These solutions are focused on helping you grow your business while maintaining security, compliance, and operational efficiency.
Fiona Murray, Ripple's Asia Pacific regional head, said, "Ripple believes security and compliance are key to the success of its virtual asset platform.
"We believe that this is the most fundamental element for the success of the blockchain," he said, adding, "Our ongoing collaboration with Futureverse will advance the Web 3.0 project with a secure and scalable custodian solution."
"This is Ripple's effort to support our customers and communities," he said. Ripple and Futureverse are longtime members of the XRP Ledger (XRPL) community.
Futureverse is a participant of the XRPL NFT standard, which boasts low network transaction fees and high throughput. It also uses XRP as the network gas token.
Ripple has also used the cryptocurrency as a way to boost its cryptocurrency and integrated with the XRPL decentralized exchange (DEX) for liquidity. Meanwhile, Ripple received $54 million (roughly $7.2 million) from 10T Holdings-led Futureverse last year.
Ripple is a leading digital asset infrastructure company for financial institutions.
Ripple is solving inefficiencies and spurring global financial innovation by providing simple, compliant and reliable software.
The platform leverages the XRP Ledger (XRPL) and its native digital asset, XRP, to enable fast, low-cost, and scalable transactions across developer and financial use cases.
Ripple's payments, scalable and stablecoin solutions are validated by regulators and policymakers around the world and are designed to drive digital asset value.
Ripple is leading the digital economy and building trust and confidence in the enterprise blockchain. Together with our customers, partners, and developer community, Ripple creates value for the world.
Futureverse is a revolutionary metaverse and artificial intelligence powering open, scalable and interoperable apps, games and experiences.
Futureverse is a leading AI technology company. It oversees one of the world's largest digital collectible communities and is one of the world's leading IP-light brands.
Together, they bring together a wide range of cultural influences in the metaverse space and beyond. Recently, they have been working with creative arts organizations to expand into film and TV, sports, music, consumer goods, and more.
The company has entered into a partnership with Creative Artist Agency.
2024/09/03 16:26 KST
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