Asia sees digital asset custody infrastructure deals from Ripple, Coincheck

As Asia's digital asset landscape continues to evolve, Ripple and Coincheck Group have forged strategic partnerships to bolster custody and tokenized asset management solutions for institutional clients in the region.

Ripple has teamed up with digital asset infrastructure provider SettleMint to provide financial institutions with a streamlined solution for the custody, issuance, and management of tokenized assets throughout their lifecycle. By integrating Ripple's institutional digital asset custody infrastructure, Ripple Custody, with SettleMint's Digital Asset Lifecycle Platform (DALP), institutions can secure digital assets more efficiently, according to Ripple's announcement on Tuesday.

In parallel, digital asset service provider Coincheck Group has inked a deal with wallet infrastructure provider DFNS to develop digital asset wallet technology and custody services in Japan. DFNS's wallet-as-a-service platform offers institutions comprehensive transaction lifecycle management, encompassing workflow orchestration and governance controls.

The platform supports over 100 blockchain networks, addressing the infrastructure gap that has impeded the entry of regulated financial institutions into the digital asset space.

These partnerships come as the Asia-Pacific region emerges as the fastest-growing area for on-chain crypto activity, with a 69% year-over-year increase in value received, as reported by Chainalysis' 2025 global adoption index. The region's rapid growth is further fueled by countries 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. Finance Minister Satsuki Katayama has expressed intent to integrate crypto into the same regulatory umbrella as traditional finance assets to ensure citizens can fully benefit from digital and blockchain-based assets.