Odaily News Ripple Labs has filed a trademark application for "Ripple Custody". According to the application, the trademark covers financial services, including the storage and management of crypto assets to meet financial management needs. The trademark application comes on the heels of Ripple's launch of custody services in October 2024, indicating that the company is looking to expand its revenue sources beyond payment settlement.
In addition, the trademark application also mentions "downloadable cryptocurrency, fiat currency, virtual currency and digital currency custody, transmission and storage software", which may mean that Ripple is considering launching an official crypto wallet. At present, the company does not provide official wallet services, but if it is launched, the product may support XRP and other digital assets and create new sources of income through transaction fees. (Cointelegraph)