Ripple has partnered with Figment and Securosys to expand institutional custody, staking, and hardware security module support, even as XRP extends a roughly 32% monthly decline.
The upgrades are aimed at regulated institutions seeking secure custody and staking solutions, reinforcing Ripple’s push to build out institutional-grade infrastructure across payments, settlement, and digital asset management.
Despite these developments, adoption on the XRP ecosystem remains subdued, with limited on-chain growth and continued weakness in XRP’s price performance.
Under the partnership with Figment, Ripple Custody will add staking services, allowing institutions to offer staking on networks such as Ethereum and Solana without running their own validator infrastructure.
“By combining Ripple’s enterprise-grade custody technology with Figment’s secure, non-custodial staking platform, we’re giving regulated institutions a way to offer staking rewards to their customers on several blockchain networks,”
Said Ben Spiegelman, Figment’s head of partnerships and corporate development.
Separately, Ripple’s integration with Securosys adds support for CyberVault HSM and CloudHSM, giving institutions more flexibility to deploy custody solutions on premises or in the cloud.
Meanwhile, data from DeFiLlama shows total value locked on the XRP Ledger has fallen to about $49.6 million, while XRP was last trading near $1.44, reflecting continued pressure despite Ripple’s expanding institutional focus.
At the time of reporting, XRP price was $1.44.