Ripple and SettleMint integrate custody and tokenized-asset issuance for Asia-Pacific institutions

Ripple and SettleMint have integrated custody and tokenization components into a combined platform aimed at Asia-Pacific financial institutions, with the offering starting in Asia-Pacific and planning broader entry into other regulated markets as institutional demand develops ^{[1] [2]}.

The partnership combines institutional custody and tokenized-asset issuance and management functions, including compliance, settlement, and servicing, and assigns Ripple Custody roles such as policy controls and key management ^[2].

Reporting describes additional post-issuance responsibilities that institutions may need to handle in onchain tokenized-bond scenarios—such as restricting prohibited transfers, ensuring correct interest payments, processing redemptions, and maintaining records for auditors and regulators—and states that Ripple and SettleMint are packaging those responsibilities into a joint offering for regulated institutions in Asia-Pacific ^[3].

CoinGape reported that the partnership is intended to help banks and other TradFi firms adopt tokenization by providing a combined solution covering custody, issuance, and management of tokenized assets ^[4].