Enhancing Product Offerings: Ripple’s Acquisition of Standard Custody & Trust Company, a US-based Digital Asset Platform

By Daisy Hodley Feb 13, 202437Views

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Ripple Expands Services with Acquisition of Standard Custody & Trust Company

Payments company Ripple Labs is set to acquire US-based digital asset custodian Standard Custody & Trust Company, a move that will enhance its services in the crypto industry. The acquisition, subject to regulatory approval, will enable Ripple to strengthen its existing product offerings and explore new complementary products. Ripple president Monica Long expressed excitement about the integration of custody into Ripple’s products, highlighting the synergies with Standard Custody. With this acquisition, Ripple will gain Standard Custody’s limited purpose trust charter and money transmitter licenses, further adding to its extensive portfolio of regulatory licenses. The financial details of the deal were not disclosed. Last year, Ripple acquired Swiss-based custody provider Metaco in response to growing institutional demand for crypto custody services.

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Daisy Hodley

Daisy Hodley emerges as a luminary blending the roles of crypto analyst, devoted researcher, and editorial virtuoso into a harmonious symphony. In the realm of digital currencies, Daisy's insights resonate with an exquisite resonance across a diverse spectrum of minds. Her adeptness in decoding intricate threads of crypto complexities seamlessly intertwines with her editorial finesse, translating intricacy into a captivating melody of understanding. A guiding star for both intrepid explorers and curious novices venturing into the crypto realm, Daisy's insights form a compass for discerning decision-making amidst the ever-shifting currents of cryptocurrencies. With the touch of a literary artist, they craft a narrative that enriches the evolving mosaic of the crypto landscape.