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The trademark application shows four use cases for the word mark, including for \u201cdownload<\/a>able software for custody of cryptocurrency.\u201d<\/p>\n Ripple Labs has filed a trademark application<\/a> for the word mark \u201cRipple Custody,\u201d indicating that the company behind the XRP (XRP<\/a>) token is considering expanding its brand in the crypto custody space.<\/p>\n The filing notes four use cases for the word mark, including one that reads \u201cFinancial services, namely, custodial services in the nature of maintaining storage and possession of cryptocurrency [\u2026] for financial management purposes.\u201d<\/p>\n Crypto custodians store and manage digital assets for individuals and institutions, aiming to minimize risks such as private key loss and security breaches. The demand for custody services has grown significantly in recent years, especially following the approval of exchange-traded funds (ETFs) in the US in 2024. Major players in this space include Coinbase, Citi and BNY Mellon, among others.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n