Ripple’ s focus on Digital Asset Infrastructure for FIs
Cassie Craddock, Managing Director for the UK & Europe at Ripple, discusses the fintech’ s digital assets infrastructure services and growth in key markets.
Cassie Craddock is Managing Director for UK and Europe at Ripple, the leading
provider of digital asset infrastructure for financial institutions. Here, she explores Ripple’ s expanding suite of products for financial institutions seeking to build digital asset infrastructure and capabilities.
Exploring Ripple Custody
One of Ripple’ s key offerings is its custody solution, which was bolstered by the US $ 250m acquisition of Metaco in May last year. This solution allows financial institutions to securely hold and manage digital assets on behalf of their clients.
Today, some of the world’ s largest financial institutions including BBVA are already leveraging Ripple’ s technology.
Ripple builds its solutions on the XRP Ledger, a decentralised blockchain chosen for its native capabilities.
“ We think this is the best blockchain for us to build our solutions on,” Cassie notes.
Cassie explains the appeal of Ripple’ s solution:“ Firstly, it’ s highly scalable. Secondly, it recognises the most secure technology platform from a custody perspective and is also validated by other large financial institutions such as HSBC, which are leveraging our custody solution.”
Barriers to blockchain adoption
Despite the growing adoption of blockchain technology and digital assets, Cassie acknowledges that barriers remain.
“ If I think about what the obvious barriers to digital asset and blockchain technology adoption are, of course, it’ s regulation,” she says.“ A lack of regulatory clarity and certainty in markets hinders growth and innovation.”
As Ripple continues to expand its reach in the digital asset infrastructure space, Cassie emphasises the company’ s commitment to compliance and innovation.
“ We’ ve built a business focused on being compliant first and our banking and large financial institution customers really trust and appreciate that kind of compliancefirst mindset,” she concludes.