Ripple and BAS Joint Seminar: Analyzing the Four Core Principles of Stablecoin Custody and Trillion-Dollar Market Opportunities

The Singapore Crypto Assets Custody Seminar has landed with great significance! Ripple and the Blockchain Association Singapore (BAS) jointly proposed four core principles: Compliance design, Custom models, Operational resilience, and Governance, and released the best practices report for stablecoin custody. Institutional-level custody solutions are becoming the key infrastructure for the tokenization of hundreds of billions of assets and cross-border settlement. Ripple revealed that RLUSD stablecoin has obtained a New York trust license, and over half of enterprises in the Asia-Pacific plan to deploy custody solutions internally within three years.

Compliance Design: MAS Mandates Asset Isolation and Recovery Protocols

The Ripple team emphasizes that custodians need to adopt a "compliance by design" architecture, especially since regulatory bodies like the Monetary Authority of Singapore (MAS) require strict enforcement of asset segregation and disaster recovery protocols. This principle ensures that user assets always comply with regulatory frameworks, laying a foundation of trust for institutional entry.

Customized Custody Model: Third Party/Hybrid/Self-Custody on Demand

Institutions need to choose a custody model based on their business characteristics—third-party custody, hybrid custody, or self-custody solutions. Ripple points out that differentiated models can match the enterprise's risk tolerance and operational needs, avoiding compliance risks brought by a "one-size-fits-all" approach.

Operational Resilience Standards: Must Meet Recovery Requirements of Regulations such as EU DORA

The custody system must have high operational resilience, including interruption disaster recovery capabilities, compliance with the EU's Digital Operational Resilience Act (DORA) recovery standards, and real-time monitoring and emergency response mechanisms. This is the core defense line against black swan events. ##Governance Mechanism: Separation of Duties and Independent Audits Build the Cornerstone of Trust By implementing segregation of duties, independent supervision, and traceable audit trails, the custody platform can establish a transparent governance system. Ripple claims this is the key to long-term trust in institutional digital asset custody.

Stablecoin Custody Practices: BAS Releases Industry Standard Report

The seminar simultaneously released the "Best Practices Report for Stablecoin Custody" written by the BAS stablecoin and the Cybersecurity Subcommittee. The report clarifies that enterprise-level custody needs to support API integration, anti-money laundering (AML) tools, and programmable features, especially to ensure the security of tokenized documents in global trade.

Ripple stablecoin RLUSD: New York Trust License and Full USD Backing

Ripple announced that its stablecoin RLUSD is issued based on a New York trust company license, featuring third-party audits, independent reserves, and full USD backing. Its custody platform is designed to meet the legal and operational standards for tokenized assets, supporting cross-border settlement and cash management scenarios.

Custody Market Explosion: The scale of tokenized assets may reach 18.9 trillion USD by 2033

Ripple cites a report from the Boston Consulting Group stating that the market size of real-world asset (RWA) tokenization is expected to exceed $18.9 trillion by 2033. Standard Chartered Bank even predicts it will reach $30 trillion by 2034. Currently, the RWA tokenization market has surged 380% over the past three years, with a size of approximately $24 billion as of June 2025.

Institutional Trends: Giants like Goldman Sachs and BlackRock are positioning themselves for tokenization funds

Goldman Sachs and BNY Mellon are piloting Blockchain tokenization of money market funds, while BlackRock, Coinbase, Bank of America, and Citigroup are also exploring digital securities issuance. Ripple's research shows that over 50% of enterprises in the Asia-Pacific region plan to adopt custody solutions within three years, with a surge in demand for enterprise-grade digital asset custody.

Future Outlook: Custody Needs Deep Integration of Smart Contracts and Compliance Automation

Ripple policy executives Advani and Tso pointed out that digital finance, smart contracts, tokenization of documents, and automated compliance must be deeply integrated into the custody infrastructure in order to build a scalable, interoperable, and adaptable digital banking system for the new financial paradigm.

Conclusion

With the clarity of regulatory frameworks and the implementation of technical standards, institutional-grade custody is evolving from an "optional choice" to a "mandatory choice." The seminar held by Ripple and BAS revealed how the four pillars of compliant custody support the future trillion-dollar tokenization economy, while the launch of the RLUSD stablecoin further highlights the trend of integration between custody and payment. Asia-Pacific enterprises are accelerating their deployment of custody solutions, marking the official entry of digital assets into the institutional era.