SAN FRANCISCO–(BUSINESS WIRE)–Ripple, the leader in enterprise blockchain and crypto solutions, announced today that it has agreed to acquire Standard Custody & Trust Company, an enterprise-grade regulated platform for digital assets. This move further underscores Ripple’s commitment to regulatory compliance and enables the company to strengthen its existing product offerings, as well as explore new, complementary products.
The increase in institutional adoption of crypto and blockchain is a result of more mature and highly secure products in the market that are fully regulated and compliant. With this acquisition, Standard Custody’s limited purpose trust charter and its money transmitter licenses will contribute to Ripple’s growing portfolio of regulatory licenses. Ripple and its subsidiaries collectively hold a New York BitLicense, nearly 40 money transmitter licenses across the U.S., a Major Payment Institution License from the Monetary Authority of Singapore, and a Virtua
