PANews reported on March 18 that according to Cointelegraph, Ripple Labs has submitted a trademark application for "Ripple Custody". According to the application documents, the trademark covers financial services, including the storage and management of crypto assets to meet financial management needs. This trademark application follows Ripple's launch of custody services in October 2024, indicating that the company is seeking to expand its revenue sources beyond payment settlement.

In addition, the trademark application also mentions "downloadable cryptocurrency, fiat currency, virtual currency and digital currency custody, transmission and storage software", which may mean that Ripple is considering launching an official crypto wallet. Currently, the company does not provide an official wallet service, but if it is launched, the product may support XRP and other digital assets and create a new source of income through transaction fees.