skip to Main Content
bitcoin
Bitcoin (BTC) $ 81,878.94 1.78%
ethereum
Ethereum (ETH) $ 1,795.53 2.73%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.06 5.96%
bnb
BNB (BNB) $ 592.07 2.70%
solana
Solana (SOL) $ 125.04 0.77%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.162883 5.08%
cardano
Cardano (ADA) $ 0.6406 6.56%
tron
TRON (TRX) $ 0.232068 0.44%

Ripple With Major Announcement: Acquires Standard Custody & Trust Company

Ripple – the company behind the popular cryptocurrency XRP – has announced that it acquired an enterprise-grade regulated platform for digital assets called Standard Custody & Trust Company.

According to the official announcement, the move is aimed at underscoring Ripple’s commitment to regulatory compliance.

Speaking on the matter was Monica Long, Ripple President, who said:

“Ripple and Standard Custody are dedicated to enabling enterprises to reap the benefits of blockchain across a host of financial use cases, building institutional-grade solutions to tokenize, store, move, and exchange value. By expanding our license portfolio and making smart acquisitions, Ripple is well-positioned to take advantage of the current market opportunities and further strengthen our crypto infrastructure solutions. […]  We will continue to leverage our strong financial standing to expand our product offerings, support new initiatives on the product roadmap, and serve a broader segment of customers.”

Standard Custody has a limited purpose trust charter and money transmitter licenses across the United States, as well as a Major Payment Institution License from the Monetary Authority of Singapore, and a Virtual Asset Service Provider registration with the Central Bank of Ireland.

The move comes soon after another Ripple executive – Oliver Segovia – a Senior Director, as well as the firm’s head of Product Marketing for the payments division – teased that they are planning to announce new product updates for its US user base.

The post Ripple With Major Announcement: Acquires Standard Custody & Trust Company appeared first on CryptoPotato.

Loading data ...
Comparison
View chart compare
View table compare
Back To Top