Ripple partners with SettleMint to integrate custody services for tokenized assets targeting financial institutions, while Bitwise's spot XRP ETF surpasses $500M in AUM.
RWA & Tokenization ·
Bitwise's spot XRP ETF has surpassed $500 million in assets under management, with the fund recording over $600 million in cumulative inflows since inception, according to reporting on the milestone. The growth reflects institutional appetite for regulated exposure to XRP through traditional investment vehicles.
In a separate development, Ripple Labs and SettleMint announced an integration pairing Ripple Custody with SettleMint's infrastructure. The combined service is designed to serve banks and financial institutions managing tokenized assets, extending custody capabilities across blockchain-based workflows targeting institutional clients.
The partnership and ETF performance mark near-term institutional momentum, though the broader trajectory remains contested among market observers. XRP trading levels and resistance points have drawn differing outlooks on whether momentum will sustain or reverse.