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BNB
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$66,709.00 5.15544
Bitcoin price
Ethereum
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$3,505.64 3.35663
Ethereum price
BNB
BNB (BNB)
$590.92 4.45961
BNB price
Solana
Solana (SOL)
$169.85 9.17256
Solana price
XRP
XRP (XRP)
$0.5827480 2.65015
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000179 3.76793
Shiba Inu price
Pepe
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$0.0000124 8.98789
Pepe price
Bonk
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$0.0000317 21.92206
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Bitcoin
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$66,709.00 5.15544
Bitcoin price
Ethereum
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$3,505.64 3.35663
Ethereum price
BNB
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$590.92 4.45961
BNB price
Solana
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$169.85 9.17256
Solana price
XRP
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$0.5827480 2.65015
XRP price
Shiba Inu
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$0.0000179 3.76793
Shiba Inu price
Pepe
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$0.0000124 8.98789
Pepe price
Bonk
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$0.0000317 21.92206
Bonk price
Bitcoin
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$66,709.00 5.15544
Bitcoin price
Ethereum
Ethereum (ETH)
$3,505.64 3.35663
Ethereum price
BNB
BNB (BNB)
$590.92 4.45961
BNB price
Solana
Solana (SOL)
$169.85 9.17256
Solana price
XRP
XRP (XRP)
$0.5827480 2.65015
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000179 3.76793
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000124 8.98789
Pepe price
Bonk
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$0.0000317 21.92206
Bonk price

Ripple acquires Standard Custody & Trust Co. to broaden US crypto services

ripple-acquires-standard-custody-trust-co-to-broaden-us-crypto-services
Edited by
News
Ripple acquires Standard Custody & Trust Co. to broaden US crypto services

Ripple plans to buy Standard Custody and Trust Company, a New York-based firm specializing in digital asset services, to boost its regulatory licenses.

The purchase will make Ripple the sole owner of Standard Custody and enhance its regulatory licenses, including crucial trust charter and money transmitter licenses.

Standard Custody’s licenses are key to achieving this goal, enabling Ripple to provide a comprehensive service package. Standard Custody, known for its digital asset custody and settlement services, was among the first to secure a New York trust license in May 2021.

“[Ripple] being able to provide not just the technology component to financial institutions who want to use blockchain for all types of decentralized financial services, you also need a compliance piece,” Ripple President Monica Long said in a statement. “And so these licenses are really key to us being able to deliver that full end-to-end solution.”

Ripple already collaborates with major banks worldwide and aims to strengthen its regulatory standing by acquiring more licenses in the US, Singapore, the UK, and Europe.