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.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Custody Token (CUST) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0020386 (-100%)

custody ripple presence expand standard trust service

Источник: coinjournal.net

custody ripple → Результатов: 69


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 […]

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


дальше еще 20 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin ETF options fuel US crypto market surge

The launch of options tied to BlackRock Inc.’s $44 billion iShares Bitcoin Trust has set the stage for potential record-breaking moments for Bitcoin. On Tuesday, Nasdaq Inc. reported the trading of over 350,000 contracts on the first day, with data from Bloomberg indicating that approximately 80% of these were bullish bets. Nine out of the […]

Vantard vs Dogwifhat: which one is the better Solana-based meme coin?

Solana-based meme coins like Dogwifhat (WIF) have delivered exceptional returns in recent months. WIF, in particular, continues to attract solid demand following its recent listing on Coinbase. But a new player is now emerging in the world of meme coins that may even outperform Dogwifhat in 2025.