Looking ahead to the end of the year, Cassie Craddock, Managing Director UK and Europe at Ripple, shared some key predictions for the cryptocurrency and blockchain sector.
These developments highlight how 2025 will represent a pivotal year for institutional adoption of digital technologies, with a particular focus on the expansion of cryptocurrency offerings and digital asset custody.
Ripple (XRP) Forecasts: More financial institutions will bet on cryptocurrencies
According to Craddock, 2024 marked a turning point in financial institutions’ interest in cryptocurrencies and blockchain solutions.
Big names in the industry, such as BlackRock and abrdn, are experimenting with the tokenization of money market funds, while SocGen FORGE has issued a euro-denominated stablecoin that will soon be available on XRPL (XRP Ledger).
In 2025, institutions that have until now maintained a wait-and-see attitude will understand that internal pilot projects will not be enough to achieve significant progress. The complexities of traditional banking systems require a broader, more collaborative approach.
The key to success will be working with expert consultants and industry partners. Through these collaborations, institutions will be able to:
- Overcome the experimental phase, developing solid business foundations.
- Choose and implement the best technologies to scale your offerings.
- Ensure compliance with emerging regulations.
This synergy will allow major financial institutions to consolidate their presence in the cryptocurrency market and take full advantage of the opportunities that tokenization offers.
Custody of digital assets: fundamental pillar for competitive banking
Another key prediction concerns the custody of digital assets, which will become an essential element for banks in 2025. According to Craddock, custody will no longer be a “nice to have” service, but a necessity for those who want to remain competitive. .
Integrating escrow as a core service will not only strengthen security and trust, but will also serve as a springboard for future innovations in the blockchain sector, such as:
- Trading digital assets.
- Management of tokenized assets.
This evolution will favor greater adoption of digital assets, opening new growth opportunities.
To implement efficient custody solutions, banks will increasingly rely on strategic partnerships. These collaborations will allow access to specialized knowledge in:
- Blockchain technology.
- Cybersecurity.
- Regulatory compliance.
Institutions that invest early in custody solutions and work in synergy with third-party providers will be able to:
•Acquire important market shares.
•Build trust in a rapidly evolving sector.
The custody of digital assets is, therefore, a critical factor for banks that seek to distinguish themselves in an increasingly competitive and digitalized landscape.
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Conclusions
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Cassie Craddock’s forecasts for 2025 highlight two main trends: the consolidation of cryptocurrency offerings by financial institutions and the integration of digital asset custody as a core service.
Both directions point toward a future where collaboration, innovation, and regulatory compliance will be essential to success in the cryptocurrency sector.
Ripple, with its role as a leader in the blockchain landscape, is positioned as a key partner to drive this transformation, promoting broader adoption of digital technologies and offering scalable and secure solutions for the financial sector.
