Ripple purchases custodian of digital assets
Ripple, a leading blockchain firm, has made a significant move in the digital asset servicing world with the acquisition of Standard Custody & Trust. This acquisition marks an important step in Ripple's strategy to strengthen its regulatory credentials and broaden its capabilities in the digital asset industry.
Standard Custody & Trust, a US-based company specialising in digital asset custody and servicing, offers enterprise-grade, regulated digital asset services. The acquisition gives Ripple control over Standard Custody's limited purpose trust charter and access to its money transmitter licenses, which will be a valuable addition to Ripple's existing licenses.
Ripple's latest acquisition comes after it acquired custody provider Metaco in a US$250 million deal, further expanding its presence in the digital asset servicing world. The acquisition of Standard Custody & Trust is significant for Ripple as it adds to its regulatory compliance in the digital asset sector.
Standard Custody & Trust was previously acquired by Standard Chartered, although the exact date of acquisition is not specified in the available search results up to 2025. Ripple, along with its subsidiaries, holds a Major Payment Institution license from the Monetary Authority of Singapore and a Virtual Asset Service Provider registration with the Central Bank of Ireland, further bolstering its regulatory credentials.
In addition to these acquisitions, Ripple has announced partnerships with banks and custodians, including HSBC, BBVA, and Zodia Custody. These partnerships, combined with the acquisitions, will allow Ripple to offer a comprehensive suite of digital asset services to its clients.
With these strategic moves, Ripple is positioning itself as a key player in the digital asset servicing world, providing regulated, secure, and efficient solutions for businesses looking to enter the digital asset space.
Read also:
- Goodyear in 2025: Advancement in Total Mobility through the Launch of Kmax Gen-3 by Goodyear
- Electric SUV Showdown: Vinfast VF6 or MG Windsor EV - Your Choice Revealed
- United States Secures $632 Million to Fuel Electric Vehicle Revolution
- IM Motors reveals extended-range powertrain akin to installing an internal combustion engine in a Tesla Model Y
