The integration arrived with Ripple Custody version 1.43, released October 5. According to Ripple’s official documentation, institutions can now hold and transfer Canton Coin and CIP-56 tokens through the same custody platform, policy engine and audit trail used for other supported digital assets.
The development is notable because Canton and the XRP Ledger have both been positioned as infrastructure for institutional tokenization. Ripple supporting Canton suggests the company increasingly sees custody as a blockchain-agnostic business rather than one limited to XRPL.
Ripple Custody Connects Directly to Canton
Ripple’s Canton integration uses a bring-your-own-validator model.
Institutions operate their own Canton validator, or use one provided by a node operator, while Ripple Custody manages signing keys inside its HSM or KMS security infrastructure.
The release also includes transfer pre-approvals, allowing accounts to receive assets without signing every incoming transaction, alongside two-step transfers that can be accepted, rejected or withdrawn.
These features are designed for institutions where transactions may require multiple authorization layers before assets can move.
That expands the strategy behind Ripple Custody’s institutional infrastructure, which increasingly extends beyond simply storing XRP or other cryptocurrencies.
Canton Support Does Not Mean XRP Integration
The distinction for XRP holders is important.
Ripple Custody supporting Canton does not mean Canton Network is using XRP, XRPL or RLUSD, and Ripple’s documentation does not announce interoperability between Canton and the XRP Ledger.
Instead, Ripple is providing custody technology for assets native to another blockchain.
That resembles the broader strategy behind Ripple’s recent custody-to-tokenization expansion, where the company is positioning itself across custody, issuance, compliance and settlement rather than depending on every institutional workflow running directly on XRPL.
Institutional Tokenization Is Becoming Multichain
Canton is specifically designed for regulated financial markets where transaction privacy matters. Participants in multi-party transactions can access information relevant to them without exposing every balance or transaction detail across the network.
Meanwhile, XRPL continues developing its own institutional footprint. A Brazilian market operator overseeing roughly $4 trillion in registered assets recently began using the XRP Ledger to mirror regulated fund records.
