Ripple to acquire Standard Custody & Trust Co. to expand US presence

2024-2-14 18:48

Ripple acquires Standard Custody & Trust Co. to bolster US presence and regulatory compliance. The acquisition enables Ripple to expand service offerings, including asset tokenization and custody solutions. The move comes amid reports of an agreed settlement between Ripple and the US SEC.

Ripple has announced the acquisition of Standard Custody & Trust Co., a wholly owned subsidiary of PolySign, marking its second recent purchase of a custody business.

With a focus on regulatory compliance and expanding its service offerings, Ripple’s acquisition aims to pave the way for broader financial capabilities within the United States.

Ripple’s expansion into the US market

Ripple, known for its innovative blockchain-based payment solutions, is strategically positioning itself to further penetrate the US financial sector.

Despite ongoing legal disputes, Ripple remains committed to enhancing its regulatory qualifications and operational capabilities within the country. By acquiring Standard Custody & Trust Co., a company with a New York trust charter, Ripple aims to unlock new opportunities for growth and diversification in the US market.

In a tweet, Brad Garlinghouse, Ripple’s CEO, has reiterated the importance of the acquisition. He has stated:

“With Standard Custody, we’ll be able to improve existing product offerings for our customers, as well as explore new products and use cases, all in a fully compliant way. To date, Ripple has secured: nearly 40 U.S. money transmitter licenses, MPI license from MAS, and VASP registration with Central Bank of Ireland (and counting!)”

Enhancing regulatory compliance and service offerings

The acquisition of Standard Custody & Trust Co. reflects Ripple’s proactive approach to addressing regulatory challenges and tapping into the potential of the US financial landscape.

By obtaining a New York trust charter through this acquisition, Ripple gains the ability to conduct a wider range of business activities within the United States. This includes offering in-house services to financial institutions interested in leveraging blockchain technology for asset tokenization and custody solutions.

With this strategic move, Ripple aims to provide its customers with enhanced flexibility and comprehensive services, positioning itself as a key player in the evolving financial ecosystem.

The post Ripple to acquire Standard Custody & Trust Co. to expand US presence appeared first on CoinJournal.

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custody ripple presence expand standard trust service

Источник: coinjournal.net

custody ripple → Результатов: 69


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2020-5-1 13:30


Платформа Coinbase Custody добавила поддержку XRP

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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


Coinbase Custody планирует добавить поддержку 37 новых криптоактивов

Сервис для институциональных инвесторов Coinbase Custody рассматривает вопрос добавления поддержки 37 новых криптовалют и токенов. Об этом сообщается в блоге Coinbase. В числе этих активов значатся Ripple, EOS, Monero, Cardano, Stellar Lumens, Zcash, Tezos, Bitcoin Gold и другие.

2018-8-6 11:29


Фото:

Coinbase Custody добавит 37 криптовалют

Подразделение криптовалютной биржи Coinbase Custody, которое рассчитано на институциональных инвесторов, сообщил о возможности добавления в листинг сразу 37 новых криптовалют. Среди них есть как крупные монеты и токены, например Ripple, EOS, Cardano, Stellar, NEO, так и менее известные криптовалюты.

2018-8-4 18:33


Кастодиальный сервис Coinbase объявил о добавлении поддержки более 30 криптовалют

Coinbase Custody, депозитарный сервис безопасного хранения криптовалют для интитуциональных трейдеров, объявил о намерении добавить большинство популярных криптовалют. Поддержка сервисом многих существующих цифровых активов, включая Cardano, Zcash, NEM, Ripple, Stellar, EOS, NEO, Decred, Monero, Siacoin, Telegram (!), и др.

2018-8-4 15:35


Coinbase Custody добавит EOS, NEO и Stellar наряду с еще несколькими монетами

Coinbase анонсировала длинный список из 37 криптовалют, которые она планирует добавить для Coinbase Custody, сообщает The Daily Hodl. В него входят такие монеты как Ripple XRP, EOS, NEO, Stellar, Cardano, VeChain и Monero.

2018-8-4 10:49


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