APAC Tokenized Asset Platform
Ripple and SettleMint partner to launch tokenized asset platform for APAC banks.
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Key Points
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The partnership does not require the XRP Ledger or XRP to operate; Ripple Custody and SettleMint's DALP can function without XRP-based infrastructure.
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The APAC rollout began on September 1, with plans to expand to other regulated markets as institutional demand develops.
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DALP is described as a composable lifecycle platform that is already in production and pre-production use by institutions across North America, Europe, the Middle East, and Asia Pacific.
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Institutions can opt for self-custody by installing Ripple Custody within their own infrastructure, retaining private keys on-site, with support for hardware security modules and multi-party computation, backed by security certifications (FIPS 140-2 Level 4, ISO 27001, SOC 2 Type II).
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At launch, the announcement did not disclose customer names, contract values, pricing, supported blockchains, or initial transaction volumes, underscoring early-stage commercialization.
Ripple and SettleMint announced a strategic partnership on September 1 to create a unified platform for custody, issuance, and management of tokenized assets across Asia Pacific. U.Today reported that the joint offering integrates Ripple Custody with SettleMint's Digital Asset Lifecycle Platform (DALP), allowing regulated institutions like banks to handle the entire lifecycle of digital assets through a single system rather than stitching together multiple vendors.
The platform lets institutions retain on-premise control of private keys using hardware security modules and multi-party computation, with support for FIPS 140-2 Level 4 and ISO 27001 certifications. BigGo Finance noted that the partnership does not require the XRP Ledger or XRP to operate, opening the door to broader adoption among traditional financial institutions wary of cryptocurrency dependencies.
One Platform Replaces the Custody-Issuance Patchwork
Banks and market infrastructure providers typically cobble together separate vendors for custody, issuance, compliance, and settlement—a costly and fragmented approach. CoinPaper reported that Ripple Custody handles policy controls and key management, while DALP manages the full lifecycle from issuance through post-trade servicing. The integrated offering cuts down operational complexity and reduces the vendor footprint for regulated entities.
Self-Custody Without Surrendering Security Standards
A key feature is on-premise deployment: institutions can install Ripple Custody within their own infrastructure and keep private keys locally, sidestepping third-party custody risk. BloomingBit highlighted that the platform supports hardware security modules and multi-party computation for key signing, with compliance certifications including FIPS 140-2 Level 4 and SOC 2 Type II, meeting institutional security expectations.
APAC Launch Sets Stage for Global Expansion
The APAC rollout began September 1, with SettleMint's DALP already in production and pre-production use across North America, Europe, the Middle East, and Asia Pacific. CoinGape noted that plans to expand into other regulated markets depend on institutional demand and regulatory readiness. At launch, neither firm disclosed customer names, pricing, supported blockchains, or initial transaction volumes, underscoring the platform's early commercialization stage.
A Trend Toward Integrated Tokenization Infrastructure
The partnership reflects a broader institutional push to simplify digital-asset workflows through end-to-end platforms rather than best-of-breed patchworks. By bundling custody, governance, and lifecycle management, Ripple and SettleMint are signaling that tokenized finance in regulated markets demands integrated, turnkey infrastructure—not fragmented point solutions that require months of system integration.
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