GLOBAL ONCHAIN SUMMIT IS COMING TO MUMBAI
✕ News Bitcoin Stocks Prediction Markets News Trending ETFs US Iran War Clarity Act Crypto Market Live Updates LIVE TradFi Blockchain Regulation Stablecoin DeFi DATs Tokenization Loading... More News → Markets Price Analysis Price Prediction Crypto Prices Calculator Crypto Stocks Market Brief Prediction Markets Loading... More News → Top Picks Best Crypto Exchanges Best Crypto Cards Prediction Markets Wallets DeFi AI For Businesses Tokenization Platforms Institutional Investors Stablecoin Infrastructure Best DEXs Best Perp DEXs Best Futures Platforms Best No-KYC Exchanges Best Pre-IPO Tokens Platforms Crypto Cards Compare No KYC Crypto Cards Travel Crypto Cards Crypto Card Offers Stablecoin Cards UK Crypto Cards USA Crypto Cards Cashback & Rewards Crypto Cards Best Regulated Prediction Markets in the US Best Crypto Prediction Markets Best Sports Prediction Market Best Leveraged Prediction Market Best Geopolitical Prediction Market Best Prediction Market Tools Best Crypto Wallets Self-Custody Wallets MetaMask Alternatives Best DeFi Platforms Best Crypto Swaps Best DEX Aggregators Best Staking Platforms AI Crypto Wallets AI trading bots Web3 AI Agents Best Payment Gateways Top Audit Firms Best Tax Softwares Best Prop Firms Best Telegram Channels Top Marketing Firms RWA Tokenization Platforms White Label RWA Platform Tokenized Asset Custody Crypto Exchanges For Tokenized RWAs Institutional Crypto Lending Best Tokenized Asset Custody Exchanges For Institutional Investors Best Institutional Crypto Staking Platforms Best Stablecoin Infrastructure Provider Best Stablecoin Orchestration Platforms Best Stablecoin Settlement Platforms Best Crypto Wallet Infrastructure Providers Best Stablecoin APIs Loading... More Top Picks → Enterprise Brand Pulse CXO Stories Opinion Interviews Funding Explorer Tokenization Tracker M&As Startup Product Launch Expansion Loading... Visit Block of Fame: Our B2B Hub → Podcast Review & Rating Exchange Ratings Wallet Ratings Crypto Card Ratings Loading... More Ratings → Research Case Studies Quarterly Reports Deep Dive Reports Loading... Visit Research → Company About Us Editorial Team Editorial Policy Careers Advertise Contact Us Submit PR ABOUT COINGAPE
CoinGape delivers live crypto news, reporting, market analysis, project analysis, listicles, reviews & ratings, combining macro coverage to surface real market signals
More Education Blog Glossary Events Loading... Ecosystem Block of Fame Voice of Web3 Awards BUZZ3 Podcast Ecosystem Block of Fame Voice of Web3 Awards Global OnChain Summit BUZZ3 Global Onchain Summit | Awards Prediction Markets NEW Web3 Projects AEO RWA Discovery Crypto Lawyers EN PT ES DE b btc $83,061 ▲ 0.13% e eth $2,504 ▼ 0.13% b bnb $749 ▼ 0.49% s sol $110 ▼ 0.84% x xrp $1 ▼ 0.68% u usdc $0.9997 ▼ 0.00% a ada $0.2481 ▼ 3.68% d doge $0.0857 ▼ 0.75% b btc $83,061 ▲ 0.13% e eth $2,504 ▼ 0.13% b bnb $749 ▼ 0.49% s sol $110 ▼ 0.84% x xrp $1 ▼ 0.68% u usdc $0.9997 ▼ 0.00% a ada $0.2481 ▼ 3.68% d doge $0.0857 ▼ 0.75% b btc $83,061 ▲ 0.13% e eth $2,504 ▼ 0.13% b bnb $749 ▼ 0.49% s sol $110 ▼ 0.84% x xrp $1 ▼ 0.68% u usdc $0.9997 ▼ 0.00% a ada $0.2481 ▼ 3.68% d doge $0.0857 ▼ 0.75% b btc $83,061 ▲ 0.13% e eth $2,504 ▼ 0.13% b bnb $749 ▼ 0.49% s sol $110 ▼ 0.84% x xrp $1 ▼ 0.68% u usdc $0.9997 ▼ 0.00% a ada $0.2481 ▼ 3.68% d doge $0.0857 ▼ 0.75% Buy Ad Buy on Binance
Ad Home / Crypto News / South Africa’s Absa Becomes First African Bank to Offer Crypto Custody South Africa’s Absa Becomes First African Bank to Offer Crypto Custody 02 Oct, 2026 By Coingapestaff Coingapestaff
Copied! Why Trust CoinGape CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information. Highlights
South Africa’s Absa Group has become Africa’s first bank to offer digital-asset custody. The service gives institutional clients regulated access to storage and transfers for Bitcoin, Ether, USDC and XRPL assets
Absa has rolled out its Digital Asset Custody platform in South Africa after receiving regulatory approval. The Johannesburg-based bank initially targets asset managers, non-bank financial institutions and corporate clients. Retail customers are not part of the initial rollout
The platform allows institutions to hold, manage and transfer digital assets through Absa’s banking infrastructure. Bitcoin currently accounts for the largest share of assets in custody. Absa also supports Ether, USDC and assets on the XRP Ledger
Absa built the custody platform with Ripple technology to manage digital assets. Its Corporate and Investment Banking division operates the service after the companies previously announced their custody partnership
Absa plans to support more crypto assets as institutional demand develops. However, the bank has not given a timeline or confirmed which assets it could add next
“We expect to extend this to other client segments in South Africa in due course,” Rob Downs, head of digital assets at Absa Corporate and Investment Banking, said
Downs added that Absa is “actively working” to introduce the service in some of its other African markets. Those plans remain subject to regulatory approval in each market
As earlier reported by CoinGape, major financial institutions have also expanded their digital-asset custody offerings as banks develop infrastructure for institutional crypto holdings
Absa enters the sector as crypto assets held by major South African providers continue to grow. Luno, VALR and Ovex held R25.3 billion, or about $1.5 billion, by the end of 2024
The South African Reserve Bank reported that the figure had more than doubled from below R10 billion in early 2023. The increase covers assets held by the three licensed providers
Absa will now compete for institutional assets through its regulated banking infrastructure. Its entry gives South African companies and asset managers another custody option as banks expand their crypto custody infrastructure
Instant Currency Exchange at BestChange with Ease
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information
Crypto Market Awaits US CPI Next Week, Here’s What to Expect
Ripple-Backed Evernorth Completes SPAC Merger, Bringing 473M XRP to Nasdaq
US Targets $1 Billion in Crypto Assets in Economic Crackdown on Iran
MARA Holdings Dumps 996 BTC During $1 Billion in Crypto Market Liquidations
UK Sanctions Crypto Platforms Over Suspected Links to Russian Finance Networks
Hunter Bidens’s LAPTOP Memecoin Hit $317, Then Crashed 98% on 1% Liquidity
1 BTC Welcome Bonus. No KYC to start. → 1 BTC Welcome Bonus. No KYC to start. → Play Now SPIN NOW Win upto $5000 + 100 free spins the 30% Cashback
