According to Golden Finance, Ripple Labs has submitted an application for the "Ripple Custody" trademark. According to the application documents, the trademark covers financial services, including the storage and management of crypto assets, to meet financial management needs. The trademark application follows Ripple’s October 2024 launch of the hosting service, indicating that the company is seeking to expand its revenue streams beyond payment settlement. In addition, the trademark application also mentioned "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 has not yet provided an official wallet service, but if launched, the product may support XRP and other digital assets and create new revenue streams through transaction fees. A Ripple spokesperson did not comment on the trademark application.