Internet reports that Ripple Labs has submitted a trademark application for "Ripple Custody". 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 launch of hosting services in October 2024, indicating that the company is seeking to expand revenue sources other than payment settlements. In addition, the trademark application also mentions "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 does not provide an official wallet service, but if launched, the product could support XRP and other digital assets and create a new source of revenue through transaction fees. A Ripple spokesperson declined to comment on the trademark application.