Ripple With Major Announcement: Acquires Standard Custody & Trust Company
Ripple announced the strategic acquisition of a company with multiple important licenses.
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
HYPE Hits Record High as Hyperliquid Builds a 29M-Token Treasury
Bitwise research head says XRP bull run may still be in early phase
Following Samsung, will TSMC raise prices by 10-15% across all process nodes?
The surge in AI demand has led to a severe shortage of advanced production capacity at TSMC, with N2 and N3 nodes almost fully booked by Apple and NVIDIA. Following Samsung's move in July to raise 4nm and 5nm process prices by 10–15%, TSMC plans to follow suit, with N3 already increasing by 15%. Prices for N2 and N5 will rise another 5–10% by early 2027 at the latest, and mature nodes such as N12, N16, and N28 will also see hikes of up to 10%. Strong pricing power has prompted Wall Street to significantly raise its earnings forecasts and target prices for the company.
Crypto prices
More
