Ripple Labs Files Trademark Application to Offer Custody Services

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Ripple Labs has filed a trademark application for “Ripple Custody,” detailing financial services focused on the storage and management of crypto assets to meet financial management needs.

This follows the launch of Ripple’s custody services in October 2024, signaling the company’s intention to diversify revenue beyond payment settlements.

The application also mentions “downloadable software for the custody, transfer, and storage of cryptocurrencies, fiat currencies, virtual currencies, and digital currencies,” hinting at the potential introduction of an official crypto wallet.

Although Ripple currently does not offer an official wallet service, such a product could support XRP and other digital assets, potentially generating new revenue through transaction fees.