Ripple Labs Files Trademark Application for “Ripple Custody”

San Francisco-based fintech company Ripple Labs has filed a trademark application for “Ripple Custody.” The revelation has led to speculations that the firm aims to launch a crypto wallet or custodial services.

According to the application, Ripple filed for the trademark on February 25. The accompanying statement explains that it relates to downloaded software, financial services, peer-to-peer network computer services, and cloud software for the custody, storage, and transmission of cryptocurrencies and fiat currencies.

One of the statements reads:

> “Financial services, namely, custodial services in the nature of maintaining storage and possession of cryptocurrency, fiat currency, virtual currency, and digital currency for financial management purposes.”

These descriptions have sparked speculation about Ripple’s future plans. Typically, a trademark application indicates that a company is finalizing its plans to unveil a product.

In 2024, Ripple applied for trademarks for Ripple Payments, RLUSD, and Ripple USD in the lead up to launching the RLUSD stablecoin.

Meanwhile, the news of the application has elicited various reactions from the XRP community. Noah Christopher on X believes that Ripple is expanding into custody and payments to enhance its adoption, while Faril speculates that the US may rely on Ripple to manage its crypto reserves.

However, some users have pointed out that a Ripple Custody app already exists in the App Store. It serves as an authenticator app for institutional customers using Metaco to manage their assets. Ripple acquired digital asset custody firm Metaco in 2023.

The United States Patent and Trademark Office (USPTO) has received and acknowledged the trademark application, but it has not yet assigned it to an examiner. The approval process for a trademark in the US typically takes a few months unless contested.

XRP Remains Positive Despite Turmoil

While there is no clear indication yet on whether Ripple plans to launch a custody product or has already done so, its XRP token remains one of the few top ten cryptocurrencies by market cap that has shown gains year-to-date. According to CoinMarketCap data, the token is up by more than 1% YTD after losing over 10% of its value in the past 90 days.

Although this may seem minor, XRP’s performance is significantly better than Bitcoin, Ethereum, Solana, BNB, Cardano ADA, DOGE, and Tron TRX, which have all seen declines between 14% and 46% since January 2025.

The positive performance of XRP is attributed to various factors, including anticipation that the Securities and Exchange Commission (SEC) will soon drop the lawsuit against Ripple regarding the token’s status. With the regulator ceasing crypto-related actions against Coinbase, Uniswap, and Robinhood, many believe Ripple may be next.

A Polymarket contract indicates a 75% probability that the SEC will approve an XRP exchange-traded fund for 2025, reflecting positive sentiment with a 5% increase over the last 24 hours.