Ripple Executive Stresses Key Security Measures for Institutional Adoption

Akshay Wattal, the Head of Information Security at Ripple Labs, underscores the essential role of stringent security measures and regulatory compliance for institutions seeking to capitalize on the anticipated $16 trillion tokenized real-world assets market. According to Wattal, robust custody solutions necessitate the use of battle-tested cryptography, robust governance structures, and advanced security features like hardware security modules (HSM) and FIPS-certified hardware, all of which are offered by Ripple. The company's commitment to meeting SOC 2 Type II and ISO 27001 standards, coupled with its recent regulatory success in Singapore, is perceived as a significant boost to institutional confidence and adoption.