Ripple finalizes acquisition of Standard Custody

2024-6-11 13:56

Ripple has completed the acquisition of Standard Custody & Trust Company, according to a news release published on Tuesday. The news comes months after Ripple revealed its intention to acquire the regulated digital assets custody solution. Ripple closes Standard Custody acquisition

Standard Custody allows Ripple to add a regulated limited purpose trust company to its portfolio, given the New York Department of Financial Services (NYDFS) has licensed the custody firm.

According to the blockchain company’s announcement today, the deal received all the necessary regulatory approvals.

With this deal, Ripple has now completed two huge acquisitions in the digital assets custody market.

In May 2023, Ripple acquired Metaco, a leading digital asset custody provider for institutional investors. This new deal underscores Ripple’s growth and presence within the digital assets ecosystem, per the announcement.

Ripple’s eyes on stablecoin market

Ripple traction is now across cross-border payments, crypto custody, CBDCs and tokenized real-world assets (RWAs) – including stocks, bonds and commodities. Ripple is also eyeing entry into the stablecoin market.

“This is an exciting new chapter for Ripple to strengthen its existing product offerings and explore new, complementary products like stablecoins—underpinned by a commitment to regulatory compliance,” Ripple wrote in a blog post.

Ripple recently announced plans to debut a US dollar-backed stablecoin, a development that will see the company tap into the stablecoin and the native crypto token XRP to bolster its payments solution.

The US-based crypto company plans to issue the new stablecoin on the XRP Ledger and will leverage it to expand liquidity to XRPL’s native decentralized exchange (DEX).

“There is huge demand for stablecoins that deliver trust, stability and utility, and Ripple will leverage its decade-plus of experience building real-world financial solutions for global institutions to address this growing market,” the company noted.

Jack McDonald, CEO of Standard Crypto, joins Ripple as Senior Vice President of Stablecoins.

The post Ripple finalizes acquisition of Standard Custody appeared first on CoinJournal.

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ripple custody acquisition standard revealed months acquire

Источник: coinjournal.net

ripple custody → Результатов: 84


Ripple Completes Standard Custody Acquisition, Appoints New Stablecoin Lead

Ripple has officially finalized its acquisition of Standard Custody & Trust Company, a regulated entity providing high-grade digital asset custody solutions. This acquisition, first announced earlier this year, has received the green light from all necessary regulatory bodies, including the New York Department of Financial Services (NYDFS), which oversees the operation of limited-purpose trust companies. […]

2024-6-11 20:00


Ripple’s Latest Move Bolsters It As A Digital Asset Custody Provider

Ripple is transitioning into a full-service digital asset custody provider, following its acquisition of Metaco, a Swiss-based leader in the sector, for $250 million in May 2023. This development represents a significant expansion of the fintech’s capabilities into the institutional crypto custody market—a segment that is expected to experience substantial growth over the next decade. […]

2024-5-15 11:30


Ripple покупает Standard Custody & Trust Company, цены на Polkadot и NuggetRush растут

Ripple стремится увеличить объем своих лицензий за счет покупки Standard Custody, поскольку ICO Polkadot и NuggetRush наблюдают значительный скачок цен. Ripple хочет расширить свои регулирующие лицензии, приобретя Standard Custody and Trust Company.

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Ripple Buys Swiss Startup As InQubeta Launches AI Crowdfunding Platform

The remarkable revival of the cryptocurrency market in 2023 has led to a significant trend where crypto companies are increasingly making strategic acquisitions. Ripple, the company behind the XRP token, recently made a significant move in the cryptocurrency market by acquiring Metaco, a cryptocurrency custody company based in Switzerland.

2023-5-24 20:00


Фото:

Ripple Executive Departs To Join Crypto Platform With Former SEC Chairman Clayton As An Advisor

Israeli-based crypto custody provider Fireblocks has tapped a former Ripple executive. Cassie Craddock, who joined the San Francisco-based blockchain startup in August 2017 as the firm’s manager of business development before being promoted to the director of Ripple’s Europe sales and finally as the ERG leader, is no longer with the organization. The executive asserted […]

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