Ripple partners with SettleMint to expand institutional asset infrastructure in APAC

Unified digital asset management for institutions

The collaboration was announced on September 1 and aims to provide banks and other financial institutions in APAC with an end-to-end solution for tokenized asset operations. By combining Ripple Custody—a platform focused on secure asset storage and governance—with SettleMint’s DALP, the partnership creates a unified stack that eliminates the need for separate workflows for tokenization, custody, and transaction controls.

SettleMint’s DALP is designed to handle every stage in the digital asset lifecycle, including issuance, compliance processes, settlement, and ongoing servicing. Integrating this platform with Ripple’s established custody infrastructure is intended to simplify the often fragmented technology stacks used by institutional players in the digital asset market.

SettleMint’s DALP allows regulated institutions to manage the entire journey of tokenized assets, while Ripple Custody offers a robust security and governance layer, giving banks a more seamless solution for entering the digital markets.

Both companies have already established an institutional client base in the Asia Pacific, with Ripple Custody serving South Korea-based BDACS and SettleMint operating in markets such as Singapore and Japan. This results in a partnership that addresses actual commercial needs, rather than being a limited pilot or technology demonstration.

Strengthening Ripple’s institutional push

The partnership is seen as part of Ripple’s broader efforts to expand its suite of institutional services, which now cover custody, stablecoins, payments, and tokenized assets. Recent reports from Coinpaper have highlighted Ripple Custody’s growing position as critical institutional infrastructure and the increasing role of tokenization on the XRP Ledger.

Ripple’s momentum in the institutional market has also been fueled by developments surrounding XRP-related ETFs, custodial offerings, and lending growth. Additionally, Coinpaper’s coverage of strong ETF flows and lending on the XRP Ledger shows deepening engagement from regulated investors.

The integration with SettleMint further demonstrates Ripple’s drive to embed its solutions as core components of financial institutions’ entry into tokenized markets.

Importantly, the companies clarified that the partnership does not mean all assets issued via SettleMint will automatically utilize XRP or the XRP Ledger. Rather, the collaboration gives institutions more choice in how they engage with tokenization technology and digital asset custody.

Market reaction and evolving tools

Following the announcement, XRP was trading near $1.39, showing an approximate 2% increase compared to the previous 24 hours. While this uptick drew attention, there is no indication that the SettleMint partnership was solely responsible for XRP’s gains.

The integration of multiple asset management and tokenization tools reflects a trend among institutions seeking efficiency and unified solutions. In a market where decisions from the Federal Reserve or sudden altcoin listings can alter prices in seconds, investors face risks and missed opportunities when toggling between separate apps for analytics, news, and portfolio monitoring. Many now turn to privacy-first platforms such as CryptoAppsy, which merges real-time charts, personalized price s, asset-specific news, and key economic data on a single interface without requiring an account.

By deepening its infrastructure offering with partners like SettleMint, Ripple aims to further solidify its position as a technology provider for institutions navigating the digital asset landscape.