{"id":32242,"date":"2024-06-11T11:31:41","date_gmt":"2024-06-11T11:31:41","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ripple-finalizes-acquisition-of-standard-custody\/"},"modified":"2024-06-11T11:31:41","modified_gmt":"2024-06-11T11:31:41","slug":"ripple-finalizes-acquisition-of-standard-custody","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ripple-finalizes-acquisition-of-standard-custody\/","title":{"rendered":"Ripple finalizes acquisition of Standard Custody"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/ripple-xrp-company-logo-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/ripple-xrp-company-logo-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/ripple-xrp-company-logo-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/ripple-xrp-company-logo-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Ripple has completed the acquisition of Standard Custody &amp; Trust Company, according to a news release published on Tuesday.<\/span><\/li>\n<li><span style=\"font-weight: 400\">The news comes months after Ripple revealed its intention to acquire the regulated digital assets custody solution.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400\">Ripple closes Standard Custody acquisition<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Standard Custody allows <a href=\"https:\/\/coinjournal.net\/news\/tag\/ripple-labs\/\">Ripple<\/a> to add a regulated limited purpose trust company to its portfolio, given the New York Department of Financial Services (NYDFS) has licensed the custody firm.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to the blockchain company\u2019s <a href=\"https:\/\/ripple.com\/insights\/paving-a-compliant-path-forward-ripple-closes-standard-custody-acquisition-and-appoints-jack-mcdonald-as-senior-vice-president-of-stablecoins\/\" target=\"_blank\" rel=\"noopener\">announcement<\/a> today, the deal received all the necessary regulatory approvals.<\/span><\/p>\n<p><span style=\"font-weight: 400\">With this deal, Ripple has now completed two huge acquisitions in the digital assets custody market.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In May 2023, <a href=\"https:\/\/coinjournal.net\/news\/ripple-acquires-swiss-based-crypto-custody-provider-metaco\/\">Ripple acquired Metaco<\/a>, a leading digital asset custody provider for institutional investors. This new deal underscores Ripple\u2019s growth and presence within the digital assets ecosystem, per the announcement.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Ripple\u2019s eyes on stablecoin market<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Ripple traction is now across cross-border payments, crypto custody, CBDCs and tokenized real-world assets (RWAs) \u2013 including stocks, bonds and commodities. Ripple is also eyeing entry into the <a href=\"https:\/\/coinjournal.net\/news\/tag\/stablecoin\/\">stablecoin market<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cThis is an exciting new chapter for Ripple to strengthen its existing product offerings and explore new, complementary products like stablecoins\u2014underpinned by a commitment to regulatory compliance,\u201d Ripple wrote in a blog post.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Ripple recently announced plans to debut a US dollar-backed stablecoin, a development that will see the company tap into the stablecoin and the native crypto token <a href=\"https:\/\/coinjournal.net\/news\/tag\/xrp\/\">XRP<\/a> to bolster its payments solution. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The US-based crypto company plans to issue the new stablecoin on the XRP Ledger and will leverage it to expand liquidity to XRPL\u2019s native decentralized exchange (DEX).<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cThere is huge demand for stablecoins that deliver trust, stability and utility, and Ripple will leverage its decade-plus of experience building real-world financial solutions for global institutions to address this growing market,\u201d the company noted.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Jack McDonald, CEO of Standard Crypto, joins Ripple as Senior Vice President of Stablecoins.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/ripple-finalizes-acquisition-of-standard-custody\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Ripple has completed the acquisition of Standard Custody &amp; Trust Company, according to a news release published on Tuesday. The news comes months after Ripple revealed its intention to acquire the regulated digital assets custody solution. Ripple closes Standard Custody acquisition [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":32243,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/32242"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=32242"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/32242\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/32243"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=32242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=32242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=32242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}