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The “Ripple Custody” word mark filing notes the potential for a Ripple crypto wallet and software services to ensure a secure storage, distribution and management of assets.

On Feb. 25, Ripple Labs submitted a trademark application for “Ripple Custody” indicating that the payment settlement company is expanding its operations into crypto custody services.

Ripple Labs submitted a trademark application for “Ripple Custody”

Ripple Labs latest trademark comes as the SEC has reportedly dropped their lawsuit regarding as to wether the XRP token should be considered a commodity or not.

Ripple Labs is reportedly trying to enhance its already existing custody services and infrastructure with this new trademark filing.

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Ripple Labs filed trademark for Ripple Custody

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