A report by Boston Consulting Group commissioned by Ripple indicates that key security has become a baseline requirement for banks and investment firms evaluating digital asset custody providers. Buyers now also assess governance, approval procedures, interoperability, and integration with settlement, payment, and treasury systems. Boston Consulting Group estimates that more than 30% of digital assets held outside centralized exchanges use institutional custody models, based on the commissioned research. This shift favors integrated services or shared orchestration across multiple providers, a market in which Ripple sells custody infrastructure.
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