<ul><li>Ripple has agreed to acquire Standard Custody and Trust Company, a New York-based crypto asset platform.</li><li>The acquisition is set to enhance Ripple’s digital asset portfolio and regulatory licenses.</li><li>President Monica Long states that the collaboration intends to explore the current opportunities in the industry.</li></ul>In a crucial development in the XRP ecosystem, Ripple<a href="https://www.businesswire.com/news/home/20240213022752/en/Ripple-Announces-Acquisition-o%5B%E2%80%A6%5DTrust-Company-Expands-Its-Portfolio-of-Regulatory-Licenses" rel="noopener noreferrer nofollow"> announced</a> its plans to acquire the New York-based crypto asset platform Standard Custody and Trust Company. The deal marks a strategic step towards the company’s expansion, enhancing Ripple’s digital asset portfolio and regulatory licenses.Standard Custody sees its collaboration with Ripple as a means to extend its leading position in the crypto infrastructure. Jack McDonald, the CEO of Standard Custody commented on the potential of the collaboration between two industrial giants, stating, “Standard Custody provides financial institutions with the confidence and platform to safeguard their digital assets. Ripple continues to lead the industry with its deep crypto expertise, relationships with financial institutions and strong product offerings, across both payments and custody.” Read full article at <a href="https://cryptotale.org/ripple-acquires-standard-custody-enhances-crypto-and-regulatory-license-portfolio/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Ripple Acquires Standard Custody, Enhances Crypto and Regulatory License Portfolio

CryptoTale

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