Ripple's policy team highlighted best practices for digital asset custody during a recent workshop co-hosted with Blockchain Association Singapore. They emphasized four key principles: compliance by design, tailored custody models, operational resilience, and robust governance. The workshop aimed to provide institutional standards for stablecoin custody, with a report released on best practices. Rahul Advani and Caren Tso of Ripple noted that assets under custody are critical for enterprises looking to scale in the digital finance space, citing a projected $18.9 trillion in tokenized assets by 2033. The importance of segregating assets and ensuring recovery protocols to meet regulatory standards was also stressed. Institutions need to adopt tailored models for custody solutions that meet their specific requirements and incorporate resilience against disruptions. Governance practices should ensure segregation of duties and independent oversight. Ripple introduced its own custody solutions aimed at helping institutions meet compliance and operational standards as the landscape for digital finance continues to evolve.

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