Ripple’s Latest Moves: Custody Partnerships and XRP’s Slide – What Gives?

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Well now, gather ’round, folks! Ripple has just spilled the beans on not one, but two shiny new partnerships with Figment and Securosys, all aimed at jazzing up the Ripple Custody game, which is nothing short of a digital treasure chest for institutions.

It seems like Ripple is caught up in a veritable arms race, busily perfecting its payment and custody services for the big wigs in the finance world. But lo and behold, real-world adoption and that pesky price are still playing hard to get, as elusive as a cat in a room full of rocking chairs.

Ripple Joins Forces with Figment and Securosys for Custody Expansion

According to Ripple, these partnerships are supposed to make it easier than pie for regulated institutions to procure their custody services quicker than you can say “Bob’s your uncle.” This announcement comes closely on the heels of Ripple’s acquisition of Palisade and its integration of Chainalysis’s compliance tools-talk about a busy beaver!

In cahoots with Figment, Ripple’s introducing some nifty staking functionality, which will let institutional clients offer staking services without needing a whole farm of validators. A right clever arrangement, if I do say so myself!

This integration is aimed squarely at banks, custodians, and other regulated entities looking to dip their toes into Proof-of-Stake networks while keeping their security tighter than a drum. Ain’t that a hoot?

Thanks to Figment’s infrastructure, Ripple Custody clients will soon find themselves supporting staking on major networks like Ethereum (ETH) and Solana (SOL). It’s like opening a candy store for institutions!

“By combining Ripple’s enterprise-grade custody technology with Figment’s secure, non-custodial staking platform, we’re giving regulated institutions a way to offer staking rewards to their customers on several blockchain networks,” Ben Spiegelman, VP – Head of Partnerships & Corporate Development at Figment, declared, probably with a flourish.

On another front, Ripple’s teamed up with Securosys to beef up the security layer of Ripple Custody. This partnership adds the spiffy CyberVault HSM and CloudHSM support, providing institutions the option to keep things cozy either on-site or up in the cloud. Ain’t technology grand?

Ripple claims this Securosys integration tackles some long-standing challenges around adopting HSMs, like costs, complexity, and the slow-as-molasses procurement processes. In other words, they’ve found a way to cut through the red tape-bless their hearts!

The addition of Securosys broadens the spectrum of supported HSM providers on Ripple’s custody platform, giving institutions more flexibility than a contortionist at a carnival.

“By integrating our CyberVault HSM with Ripple Custody, institutions gain an out-of-the-box, enterprise-grade solution that can be deployed quickly, without added complexity, while retaining full control over their cryptographic keys,” remarked Robert Rogenmoser, CEO of Securosys, probably while patting himself on the back.

🚨 THIS IS A BIG ONE AND MOST PEOPLE WILL UNDERESTIMATE IT

This one matters more than the headline makes it sound.

What Ripple just announced is not another product update. It is Ripple quietly solving one of the last real blockers to institutional adoption: custody that banks…

– Stern Drew (@SternDrewCrypto) February 9, 2026

Institutional Focus Fails to Lift XRP as On-Chain Activity Cools

As Ripple keeps beefing up its institutional infrastructure, on-chain metrics from the XRP Ledger show adoption is moving about as fast as a tortoise on a leisurely stroll. According to DeFiLlama, XRPL’s total value locked has taken a tumble from around $80 million in early January to about $49.6 million as we speak, indicating that the DeFi party is winding down.

Stablecoin data isn’t painting a rosier picture either. As per DeFiLlama, the total market capitalization for stablecoins on XRPL is holding steady at roughly $415.85 million, suggesting a gradual pace that might make a snail look speedy.

Now, don’t forget, much of Ripple’s strategy revolves around custody, settlement, and other fancy financial maneuvers which might not always show up in traditional DeFi metrics like TVL. It’s like trying to spot a fish in a barrel filled with molasses-good luck with that!

And let’s not beat around the bush-so far, the expansion of these institutional use cases has barely tickled XRP’s market performance. The poor asset has slid nearly 32% over the last month, tracking the broader market downturn like a lost dog on a rainy day. At the time of writing, XRP was trading at $1.44, down 0.66% over the past day, proving once again that markets can be as fickle as a cat in a dog park.

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2026-02-10 08:22