- SettleMint has partnered with Ripple to integrate Ripple Custody into its Digital Asset Lifecycle Platform (DALP), bringing custody, issuance, compliance, settlement, and servicing together on one platform.
- The partnership expands Ripple’s institutional digital asset footprint while strengthening SettleMint’s ability to offer financial institutions an end-to-end platform for managing tokenized assets.
- The tie-up reflects tokenization’s shift from experimentation to implementation, as banks increasingly need integrated infrastructure to move digital asset initiatives into production.
Digital asset lifecycle management company SettleMint has entered a strategic partnership with blockchain solutions company Ripple to help banks custody, issue, and manage tokenized assets.
SettleMint will integrate Ripple Custody, Ripple’s institutional-grade digital asset custody infrastructure, with its own Digital Asset Lifecycle Platform (DALP), a composable digital asset lifecycle platform built for financial institutions, market infrastructure operators, and sovereign entities. DALP brings issuance, compliance, custody, settlement, and servicing onto a single platform, allowing financial institutions to manage the full lifecycle of a digital asset without relying on multiple vendors or separate systems to move from pilot to production. SettleMint’s DALP is currently used by financial institutions across North America, Europe, the Middle East, and Asia Pacific.
Ripple launched its digital asset custody infrastructure in 2024 and has since expanded its capabilities via new partnerships with Securosys and Figment, an integration with Chainalysis, and its acquisition of Palisade in November of 2025. Bringing Ripple’s custody solution into SettleMint’s DALP platform will allow institutions to hold and manage digital assets in a regulated, compliant way using a single vendor for custody, issuance, compliance, and servicing.
“Global capital markets are moving fully on-chain, and that shift only works when digital asset custody and lifecycle management operate as one system rather than two,” said SettleMint CEO Adam Popat. “Combining Ripple Custody and DALP gives institutions that single foundation, and this partnership lets us bring it to regulated markets globally.”
The offering is now live in Asia and will be available in other geographies as demand develops.
“Financial institutions across Asia Pacific are putting digital assets to work,” said Ripple Managing Director of Asia Pacific Fiona Murray. “They are asking how to do more without stitching together separate solutions for custody, issuance, and governance. This partnership gives them the foundation to roll out digital assets and future-proof them from there: Ripple Custody to hold and govern the asset, and SettleMint to manage its entire lifecycle.”
Founded under the name OpenCoin in 2012, Ripple debuted at FinovateSpring the following year. The company provides blockchain-based solutions across traditional and digital finance. Its solutions span global payments, custody, liquidity, prime brokerage, and treasury management tools for banks, fintechs, payment service providers, and crypto businesses.
The partnership extends the reach of Ripple’s custody infrastructure by embedding it within a broader digital asset management platform. For SettleMint, adding Ripple Custody strengthens DALP’s ability to serve as a single access point for institutions looking to issue and manage tokenized assets.
Just as we’re seeing with stablecoins, tokenization is moving from experimentation to implementation. As banks move tokenized assets into production, custody alone is not enough. Participating institutions will also need to add infrastructure for issuance, compliance, settlement, and ongoing asset management. Integrating these functions eliminates the need for institutions to stitch together multiple providers, making it easier for banks to move forward with digital asset initiatives.
Photo by Dash Cryptocurrency
