Ripple announces to acquire Standard Custody & Trust Company
Expanding Ripple’s Capabilities
Ripple, the leading provider of enterprise blockchain solutions for payments, has recently announced its acquisition of Standard Custody & Trust Company in a strategic move to further expand its capabilities in the digital asset space.
Standard Custody & Trust Company, a New York-based trust company with expertise in secure custody and institutional-grade crypto trading services, will now become a subsidiary of Ripple. This acquisition will enable Ripple to provide comprehensive and robust custodial solutions to its institutional customers.
An Innovative Step Forward
Ripple’s acquisition of Standard Custody & Trust Company marks a significant step forward in the company’s mission to revolutionize the global financial system. By combining Ripple’s expertise in blockchain technology with Standard Custody’s secure custody and trading services, Ripple aims to offer a seamless solution for institutions looking to navigate the complexities of the digital asset market.
With the ever-growing adoption of cryptocurrencies and blockchain technology, the demand for reliable and secure custodial solutions has never been higher. Ripple is taking the lead in addressing this demand, providing institutions with the tools and infrastructure needed to confidently enter the digital asset space.
Building Trust and Confidence
Standard Custody & Trust Company’s established track record in secure custody services and regulatory compliance positions them as a trusted partner for institutional clients. By acquiring this reputable company, Ripple aims to further reinforce trust and confidence in its services among its growing network of customers.
“This acquisition is a significant milestone for Ripple as we continue to build and enhance our offerings. Standard Custody & Trust Company brings a wealth of knowledge and expertise in secure custody and crypto trading, allowing us to better serve our institutional clients.” – said Brad Garlinghouse, CEO of Ripple.
Ripple continues to drive innovation in the blockchain industry through strategic acquisitions and partnerships. The acquisition of Standard Custody & Trust Company is another demonstration of Ripple’s commitment to empowering financial institutions with the tools they need to thrive in a rapidly evolving digital landscape.