Ripple Labs Files Trademark for 'Ripple Custody' Word Mark

output:input: Ripple Labs, the blockchain company behind the XRP token, has officially filed for a new trademark for the word mark ‘Ripple Custody.’ The filing, submitted on February 25, 2025, with the United States Patent and Trademark Office (USPTO), includes a broad range of services. Ripple seeks to offer downloadable software for the custody, transmission, and storage of various currencies, including cryptocurrency, fiat currency, virtual currency, and digital currency. The trademark also covers financial services related to the safekeeping of these assets for financial management purposes.

Ripple Labs, the company known for the XRP token, is venturing into crypto custody services with a new trademark filing. The application, submitted on February 25, 25, at the United States Patent and Trademark Office (USPTO), includes a broad range of services.

Ripple seeks to offer downloadable software for the custody, transmission, and storage of various currencies, including cryptocurrency, fiat currency, virtual currency, and digital currency. The trademark also covers financial services related to the safekeeping of these assets for financial management purposes.

Ripple’s application includes offerings in multiple categories, including:

* Downloadable software for custody and transmission of various digital currencies.

* Custodial services, maintaining the storage and possession of digital and fiat currencies for financial management.

* Peer-to-peer network services, enabling the electronic transmission of financial data over networks for custody and storage.

* Software as a Service (SaaS), providing temporary online software for cryptocurrency custody, transmission, and storage.

Recently, there has been speculation about whether Ripple will launch a crypto wallet. This trademark filing includes services that could be offered by a crypto wallet, such as currency exchange, investment advice, and crowdfunding.

The application, still in its early stages, has a status of “New Application” with no examiner yet assigned. While the filing process can take several months, Ripple’s move into custody services could further bolster its position within the crypto ecosystem.

The global cryptocurrency custody market is expected to reach $100 billion by the next decade, driven by increasing institutional adoption and regulatory clarity. As the demand for secure asset storage solutions rises, Ripple’s strategic moves to expand in this space position the company well to meet the needs of institutional clients, who require robust custody services for their digital assets.