San Francisco -based Ripple Labs has submitted a request for a “Ripple Custody” brand. Revelation has led to speculation that the company wants to launch an encryption portfolio or frank services.
According to to requestThe company applied for the brand on February 25. The accompanying statement, which explains the term, indicates that it will be applied to programs that have been downloaded, financial services, computers from peers to the network, cloud programs that can be used for custody, storage, transportation of cryptocurrencies and Fiat currencies.
One of the statement reads:
“Financial services, that is, guard services in the nature of maintaining the storage and possession of the cryptocurrency, the fate, the virtual currency, and the digital currency for financial management purposes.”
These phrases, which describe the potential application of the term, have speculated about what Ripple might plan in the coming months. Most of the time, the brand application like this indicates that the company is ending its plans to unveil a product.
In 2024, Ripple for Tradercarks for Ripple Payments, RLUSD and Ripple USD, a few months before the launch of the Rlusd Stablecoin.
Meanwhile, application news attracted various reactions from the XRP community. Noah Christopher On X it is believed that Ripple expands in reservations and payments to enhance its adoption, while Farrell It specifies that the United States may rely on Ripple for its coding reserves.
However, some users note that the ripple nursery app is already in the application store. It is simply applying a certificate for institutional customers who sign transactions using meaco to attend their assets. Ripple bought the Metaco Digital Civilization Company in 2023.
The United States Patent and brands office (USPTO) has already received the brand request and acknowledged it, but it did not introduce it to a examination. The approval of a brand in the United States takes only a few months unless it is competed.
XRP remains in green despite a turbulent year
Although there is no clarity yet about whether Ripple is planning the nursery product or has already launched a product, its XRP code remains in the only ten encrypted currencies according to the maximum market with some gains of the year. For all Coinmarketcap data, the distinctive symbol rises by more than 1 % YTD after losing more than 10 % of its value in the past 90 days.
Although this may seem illogical, it represents a much better performance than Bitcoin, ETHEREM, Solana, BNB, Cardano Ada, Doge and TON TRX, all of which have decreased between 14 % and 46 % since January 2025.
The positive performance of XRP is due to various factors, including the expectation that the Securities and Stock Exchange Committee (SEC) will soon decrease the lawsuit against Ripple for the distinctive symbol mode. With the regulator dropping the coding actions against Coinbase, UISWAP and Robinhood, many believe that Ripple is the following.
The market expectations are clearly clear in Polymarket The contract is about whether SEC will agree to a XRP trading box in 2025. Nowadays, there is a 75 % chance for that approval, with an increase of 5 % in the past 24 hours alone, indicating positive feelings.
Cryptopolitan Academy: soon – a new way to earn a negative income with Defi in 2025. Learn more
