Ripple and SettleMint Partner to Offer Tokenized Asset Solutions for Financial Institutions
Quick Look
- Ripple has partnered with SettleMint to provide financial institutions with integrated solutions for the custody, issuance, and management of tokenized assets across their full lifecycle, combining Ripple Custody and SettleMint's Digital Asset Lifecycle Platform.
- The announcement follows a similar partnership between Coincheck Group and DFNS in Japan focused on wallet infrastructure and custody services, as both initiatives aim to address infrastructure barriers preventing regulated financial institutions from entering the digital asset space.
- The Asia-Pacific region leads global onchain crypto activity growth with a 69% year-over-year increase in value received, while Japan advances regulatory frameworks to classify crypto assets as financial instruments.
AI-generated summary
Why It Matters
Regulated financial institutions have faced barriers to entering the digital asset space due to infrastructure gaps and regulatory uncertainty. Recent partnerships between blockchain infrastructure providers and financial service companies aim to address these challenges by offering integrated solutions for tokenized asset custody, issuance, and management.
Blockchain enterprise solutions provider Ripple has partnered with digital asset infrastructure company SettleMint to offer financial institutions solutions for custody, issuance and management of tokenized assets across their full lifecycle.
The strategic partnership will integrate Ripple’s institutional digital asset custody infrastructure, Ripple Custody, and SettleMint’s Digital Asset Lifecycle Platform (DALP) to offer institutions a less complex way to secure digital assets, Ripple announced on Tuesday.
A day earlier, digital asset service provider Coincheck Group partnered with wallet infrastructure provider DFNS to build digital asset wallet technology and custody services in Japan.
DFNS’s wallet-as-a-service offers institutions full transaction lifecycle management, including workflow orchestration and governance controls, under a single platform that supports more than 100 blockchain networks.
Both partnerships are seeking to build more institutional digital asset services to address the infrastructure gap hindering the entry of regulated financial institutions.
The Asia-Pacific region ranked as the fastest-growing area for onchain crypto activity and experienced a 69% year-over-year increase in value received, according to Chainalysis’ 2025 global adoption index.
Many countries in the region are developing their own cryptocurrency regulatory frameworks. In July, Japan’s parliament passed revisions that classify crypto assets as financial assets under Japan’s Financial Instruments and Exchange Act.
Japanese Finance Minister Satsuki Katayama signaled the intent to bring crypto under the same umbrella as traditional finance assets in January, to ensure that citizens will “benefit from digital and blockchain-based assets.”
What to Watch
AI outlook — possibilities, not facts
More financial institutions in the Asia-Pacific region will adopt tokenized asset solutions as regulatory frameworks mature
Likely · Within months
Partnerships between global blockchain infrastructure providers and local financial service companies will increase in Japan and other Asia-Pacific markets
Likely · Within months
Open Questions
- Which specific financial institutions are expected to adopt these solutions?
- What are the technical details of the integration between Ripple Custody and SettleMint's DALP?
- How will these partnerships comply with varying regulatory requirements across different jurisdictions?
- What is the timeline for deployment of these solutions to institutional clients?
