Ripple Expands Payment Platform with Managed Custody and Virtual Accounts

Ripple, a leading provider of blockchain-based payment solutions, has announced the expansion of its payment platform to include managed custody and virtual accounts capabilities. This move positions Ripple as the only licensed end-to-end platform for fiat and digital money movement.

The company has integrated recent acquisitions, including Palisade for custody and treasury automation and Rail for virtual accounts and collections. The platform now allows customers to collect, hold, exchange, and payout in both fiat and stablecoins within a single unified system.

Ripple President Monica Long emphasized the importance of enterprise-grade infrastructure, extensive licensing, and deep liquidity in the space. She noted that Ripple has built the blueprint for blockchain-based enterprise solutions designed to operate at global scale for regulated finance.