Blockchain enterprise solutions provider Ripple has partnered with digital asset infrastructure company SettleMint to offer financial institutions solutions for custody, issuance and management of tokenized assets across their full lifecycle.

The strategic partnership will integrate Ripple’s institutional digital asset custody infrastructure, Ripple Custody, and SettleMint’s Digital Asset Lifecycle Platform (DALP) to offer institutions a less complex way to secure digital assets, Ripple announced on Tuesday.

A day earlier, digital asset service provider Coincheck Group partnered with wallet infrastructure provider DFNS to build digital asset wallet technology and custody services in Japan.

DFNS’s wallet-as-a-service offers institutions full transaction lifecycle management, including workflow orchestration and governance controls, under a single platform that supports more than 100 blockchain networks.

Both partnerships are seeking to build more institutional digital asset services to address the infrastructure gap hindering the entry of regulated financial institutions.

The Asia-Pacific region ranked as the fastest-growing area for onchain crypto activity and experienced a 69% year-over-year increase in value received, according to Chainalysis’ 2025 global adoption index.

Many countries in the region are developing their own cryptocurrency regulatory frameworks. In July, Japan’s parliament passed revisions that classify crypto assets as financial assets under Japan’s Financial Instruments and Exchange Act.

Japanese Finance Minister Satsuki Katayama signaled the intent to bring crypto under the same umbrella as traditional finance assets in January, to ensure that citizens will “benefit from digital and blockchain-based assets.” 

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