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.

2024-2-18 22:24


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 […]

2021-10-14 14:53


Фото:

As U.S Greenlights Banks to Hold Crypto, Is XRP on the Cusp of Highly Benefiting From This?

The news that U.S. Banks are now allowed to hold cryptocurrency has caused a ‘ripple effect’ in the industry. Announced by the Office of the Comptroller of the Currency (OCC), headed by former Coinbase executive Brian Brooks, the news marks a new development in the industry, where crypto custody was once towered by the likes […]

2020-7-24 21:53


Фото:

Ripple’s XRP Token Gets Custody, Trading, Credit Support From Sygnum Bank

In an announcement dated April 30, 2020, the world’s first digital asset bank, Sygnum, stated that it had launched Ripple’s XRP protocol digital token on its platform. Sygnum Bank Introduces Support for XRP Switzerland-based Sygnum Bank AG has announced the availability of  the XRP token for custody, trading, and credit services on its banking platform.

2020-5-1 13:30


Платформа Coinbase Custody добавила поддержку XRP

Сервис Coinbase Custody, оказывающий услуги по безопасному хранению криптовалютных активов для институциональных инвесторов, официально добавил Ripple (XRP) в список поддерживаемых активов. На сегодняшний день платформа поддерживает bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Ethereum Classic (ETC), 0x (ZRX), Basic Attention Token (BAT), OmiseGo (OMG) и XRP.

2018-11-19 16:16


Coinbase Custody Supports Ripple—With Ambiguous Logo Choices

Coinbase Custody has indicated that it will add the Ripple token to its array of supported assets. The crypto-custody solution has been a work in progress for some time now: the service took on its first clients in July, but it was not until last month that the service received approval from the Department of… The post Coinbase Custody Supports Ripple—With Ambiguous Logo Choices appeared first on UNHASHED.

2018-11-17 18:24


Фото:

XRP Added To Coinbase Custody: But Is Ripple Logo A Subtle Message?

XRP is now a supported asset on Coinbase Custody, suggesting institutions are placing more faith in the asset. Coinbase Custody lists XRP as one of the nine supported assets for its service. Although the exchange has not revealed when exactly it added the remittance and settlement token, it came to the sector’s attention in the […] The post XRP Added To Coinbase Custody: But Is Ripple Logo A Subtle Message? appeared first on Crypto Briefing.

2018-11-15 19:07


Фото:

XRP доступен на сервисе Coinbase Custody

XRP официально добавален на сервис Coinbase Custody, который позволяет институциональным клиентам безопасно хранить большие объемы криптовалют. В октябре Департамент финансовых услуг штата Нью-Йорк одобрил размещение криптовалют Ripple(XRP), Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash(BCH), Ethereum(ETH) и Ethereum Classic(ETC) на платформе, открывающей перед игроками с Уолл-Стрит дверь на криптовалютный рынок. Однако это не единственный повод, с которым […]

2018-11-20 16:49


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