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Absa Bank of South Africa has announced a strategic partnership with Ripple. Absa will utilize Ripple’s custody technology to manage tokenized assets in line with the agreement. Through this collaboration, Ripple advances its broader goal of integrating digital assets into traditional financial operations across Africa, while Absa gains access to Ripple’s institutional-grade technology.

This latest development marks Ripple’s first major custody partnership in Africa as emerging-market financial institutions increasingly seek compliant digital asset solutions.

The partnership expands the San Francisco-based company’s footprint on the continent, building on previous efforts like providing crypto-enabled payment tools to Africa-focused payments platform Chipper Cash and enabling its USD-backed stablecoin RLUSD in the region

Head of Digital Product, Custody at Absa Corporate and Investment Banking, Robyn Lawson issued the following official statement: “As we continue to innovate and adapt to the changing financial ecosystem, we recognize the importance of providing our customers with robust, secure, and compliant custody solutions for their digital assets.”

Thanks to Ripple’s custody solution, we can leverage proven technology that meets the highest security and operational standards. Together, we can offer our clients the financial infrastructure of the future

The company’s global custody network now includes locations in Europe, the Middle East, Asia-Pacific, Latin America, and Africa. According to Ripple’s 2025 New Value Report, 64% of Middle Eastern and African financial leaders cite faster payments and settlement times as a key reason for adopting blockchain-based currencies in cross-border transactions.