China News by Thebittimes.Com

Ripple’s custody trademark filing has been making waves in the crypto world lately, as the blockchain payment firm just applied for a “ RIPPLE CUSTODY ” mark. This trademark filing was specifically categorized under downloadable software and it pretty much indicates the company is working on developing a crypto wallet with some enhanced security Features for cryptocurrency storage. Also Read: Cardano: ADA To Skyrocket by March End? Ripple’s New Crypto Wallet: Security, Custody & Market Impact Source: Financial Times The Ripple custody trademark filing is a big strategic move for the company that most people know primarily for its cross-border payment solutions. A lot of industry experts and watchers believe this potential Ripple crypto wallet could really strengthen the broader XRP ecosystem by providing dedicated custody solutions with some pretty robust Ripple security Features for storing all kinds of digital assets. Crypto enthusiast King Karan (@KingKaranC...

Crypto exchange Rain has been granted permission by Abu Dhabi’s Financial Services Regulatory Authority to operate a virtual asset brokerage. The firm has also been green-flagged to offer custody services to its clients. Rain received its Financial Services Permission [FSP] on Tuesday, July 25. This means Rain can now offer institutional and retail customers the ability to buy, sell and store virtual assets. Furthermore, clients will be provided with a seamless fiat-to-virtual asset on-ramp service in UAE dirhams. Rain Trading Limited (Rain ADGM) has been granted the first Financial Services Permission (FSP) by Abu Dhabi Global Market’s Financial Services Regulatory Authority to operate a virtual assets brokerage and custody service. pic.twitter.com/EyxCj4HbNy — Rain (@rain) July 25, 2023 Also Read: Will Wall Street Accept the ‘Trillion’ Dollar Crypto Custody Challenge? The FSP also opened doors for Rain to list additional crypto asset tra...