Ripple, a blockchain-based enterprise technology provider, and SettleMint, a digital asset lifecycle management platform, have partnered to give regulated financial institutions a unified infrastructure for digital asset custody, tokenisation and lifecycle management.
The partnership has initially launched in Asia Pacific, with the companies planning to expand into additional markets as institutional demand for tokenised assets grows.
SettleMint, headquartered in Belgium, provides Digital Asset Lifecycle Platform (DALP) to help financial institutions, market infrastructure operators and governments build and manage digital assets and blockchain applications, while Ripple provides blockchain-based infrastructure across payments, custody, liquidity and treasury management, supported by its RLUSD stablecoin and XRP.
The partnership comes as banks move beyond tokenisation pilots and increasingly seek infrastructure that can securely issue, hold, settle and manage digital assets across their full lifecycle.
Ripple said the tie-up connects Ripple Custody, its institutional infrastructure for securing digital assets, with SettleMint’s DALP, giving financial institutions a single route to manage tokenised assets across their lifecycle.
The partnership is designed to reduce the need for institutions to rely on separate providers for custody, issuance, compliance, settlement and asset servicing. SettleMint’s DALP provides tools to design, issue and manage tokenised real-world assets, while Ripple Custody provides infrastructure to securely hold and govern digital assets.
The companies said the integrated solution is aimed at regulated financial institutions, market infrastructure operators and sovereign entities looking to move tokenisation projects from pilots into production, while providing the compliance and permissioning controls required by regulated markets.
The partnership comes as financial institutions increasingly explore tokenisation as a way to modernise capital markets infrastructure. A May 2026 report from Boston Consulting Group, The Future of Digital Assets, projects that tokenised real-world assets could reach $88tn by 2035. The report also warned that banks that fail to adapt to the shift could face a 30% reduction in profits by 2035.
Ripple managing director, Asia Pacific Fiona Murray said, “Financial institutions across Asia Pacific are putting digital assets to work. They are asking how to do more without stitching together separate solutions for custody, issuance and governance.
“This partnership gives them the foundation to roll out digital assets and future-proof them from there: Ripple Custody to hold and govern the asset, and SettleMint to manage its entire lifecycle.”
SettleMint CEO Adam Popat said, “Global capital markets are moving fully on-chain, and that shift only works when digital asset custody and lifecycle management operate as one system rather than two.
“Combining Ripple Custody and DALP gives institutions that single foundation, and this partnership lets us bring it to regulated markets globally.”
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