Ripple submits trademark applications for hosting services and wallets

PANews reported on March 18 that according to Cointelegraph, Ripple Labs has submitted a trademark application for "Ripple Custody". According to the application documents, the trademark covers financial services, including the storage and management of crypto assets, to meet financial management needs. The trademark application follows Ripple's launch of custody services in October 2024, indicating that the company is seeking to expand its revenue sources beyond payment settlement.

In addition, the trademark application also mentioned "downloadable cryptocurrency, fiat currency, virtual currency and digital currency custody, transmission and storage software", which may mean that Ripple is considering launching an official crypto wallet. Currently, the company has not yet provided official wallet services, but if launched, the product may support XRP and other digital assets and create new revenue streams through transaction fees.