African $205 billion crypto market obtains bank-level custody services through Ripple and Absa
2026-09-27 21:02:08
CoinMeta Data: Absa Announces the Launch of a Digital Asset Custody Service Based on Ripple Technology, Aimed at Providing South African Institutional Clients with a Secure and Regulated Environment to Protect Crypto Assets and Manage Private Keys. According to Chainalysis data, the value of blockchain-based crypto in Sub-Saharan Africa exceeded $205 billion between 2024 and 2025, representing a year-on-year increase of approximately 52%. Absa emphasizes that its custody architecture protects keys and authorizations in a secure hardware environment and uses deterministic key derivation instead of permanently storing static private keys. The firm also highlights resilience and institutional approval controls, addressing one of the biggest obstacles many companies face when purchasing digital assets.
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