Ripple and Coincheck Strike Digital Asset Custody Partnership Deals in Asian Markets
In a strategic collaboration, Ripple has joined forces with SettleMint to develop innovative institutional solutions focused on digital asset custody, issuance processes, and comprehensive tokenized asset management.
Enterprise blockchain solutions company Ripple has forged a strategic alliance with SettleMint, a digital asset infrastructure firm, designed to provide financial institutions with comprehensive solutions for custodying, issuing, and managing tokenized assets throughout their complete lifecycle.
This strategic collaboration will bring together Ripple Custody, Ripple's institutional-grade digital asset custody infrastructure, with SettleMint's Digital Asset Lifecycle Platform (DALP), creating a streamlined approach for institutions to safeguard their digital assets, according to Ripple's Tuesday announcement.
Just one day prior to Ripple's announcement, Coincheck Group, a digital asset service provider, entered into a partnership agreement with DFNS, a wallet infrastructure provider, with the goal of developing digital asset wallet technology and custody services specifically for the Japanese market.
The wallet-as-a-service solution from DFNS provides institutions with comprehensive transaction lifecycle management capabilities, encompassing workflow orchestration and governance controls, all within a unified platform that has compatibility with more than 100 blockchain networks.
The primary objective of both collaborative partnerships is to expand institutional digital asset services, specifically targeting the infrastructure gap that has been preventing regulated financial institutions from entering the space.
According to Chainalysis' 2025 global adoption index, the Asia-Pacific region achieved the ranking of fastest-growing area in terms of onchain crypto activity and recorded a 69% year-over-year increase in value received.
Numerous countries throughout the region are in the process of developing their own regulatory frameworks for cryptocurrency. Japan's parliament approved revisions in July that reclassify crypto assets as financial assets under Japan's Financial Instruments and Exchange Act.
In January, Japanese Finance Minister Satsuki Katayama expressed the government's intention to bring crypto under the same regulatory umbrella as traditional finance assets, with the goal of ensuring that citizens will "benefit from digital and blockchain-based assets."