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UNIRipple says BCG study finds banks could gain up to $100m from custody services
Research commissioned by Ripple from Boston Consulting Group estimates a regional bank with a $200bn-$300bn balance sheet could improve results by up to $100m by pairing digital asset services with custody.
Why it matters: The study ties custody to revenue from stablecoins, tokenised assets and payments, and comes as banks such as Standard Chartered build out digital asset infrastructure.
Key points
- BCG estimates up to $100m in potential improvement for a regional bank with a $200bn to $300bn balance sheet
- Institutional custody holds more than 30% of digital assets once centralised exchange holdings are excluded
- Standard Chartered opened institutional RLUSD custody on the XRP Ledger on 12 Oct and plans to make the stablecoin eligible trading collateral at LMAX
According to the research, custody is becoming the operating layer of digital finance as stablecoins, tokenised assets and blockchain payments move beyond the pilot stage. Ripple said it lets institutions govern, move and use assets across their workflows rather than simply hold them. Uses cited include issuing stablecoins, processing payments, managing treasury holdings and supporting lending or collateral.
Beyond security and key management, institutions are weighing governance, approval policies, cross-network connections and compatibility with existing systems, with bot and artificial intelligence activity raising the importance of transaction authorisation controls. Large banks are licensing self-custody technology, while retail and payments fintechs increasingly outsource wallet infrastructure.
Separately, Standard Chartered opened institutional Ripple USD custody on the XRP Ledger on 12 Oct through its Dubai International Financial Centre branch, and is working with Ripple and LMAX Group to make the stablecoin eligible trading collateral, subject to final documentation, testing, regulations and internal approvals.
What to watch: Standard Chartered's planned RLUSD collateral arrangement with Ripple and LMAX awaits final documentation, testing, regulatory clearance and internal approvals.
Live updates on NewsFeeds:AltcoinsDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)
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