Blockchain enterprise solutions provider Ripple has partnered with digital asset infrastructure company SettleMint to offer financial institutions solutions for the custody, issuance, and management of tokenized assets.
Announced on Tuesday, the strategic partnership integrates Ripple Custody with SettleMint's Digital Asset Lifecycle Platform to provide institutions with a less complex way to secure digital assets across their full lifecycle.
This development follows a partnership announced a day earlier by digital asset service provider Coincheck Group and wallet infrastructure provider DFNS. The two companies plan to build digital asset wallet technology and custody services in Japan using DFNS's wallet-as-a-service, which supports over 100 blockchain networks and offers full transaction lifecycle management, including workflow orchestration and governance controls.
Both partnerships aim to expand institutional digital asset services to address the infrastructure gap that currently hinders the entry of regulated financial institutions.
According to Chainalysis’ 2025 global adoption index, the Asia-Pacific region is the fastest-growing area for onchain crypto activity, having experienced a 69% year-over-year increase in value received.
At the same time, several countries in the region are advancing their cryptocurrency regulatory frameworks. Japan's parliament passed revisions in July that classify crypto assets as financial assets under the country's Financial Instruments and Exchange Act, following signals from Japanese Finance Minister Satsuki Katayama in January regarding the intent to bring crypto under the same regulatory umbrella as traditional finance assets.
