⚡ Ripple Secures Standard Custody & Trust in Latest Acquisition
posted 13 Feb 2024
Ripple (XRP), a cryptocurrency company, has just finalized the purchase of Standard Custody & Trust Company, a subsidiary of PolySign that specializes in corporate governance and the custody of digital assets. The transaction details, including the financial aspect, are yet to be revealed.
We will continue to leverage our strong financial standing to expand our product offerings, support new initiatives on the product roadmap and serve a broader segment of customers,Ripple President Monica Long commented.
The deal's official closure hinges on regulatory approval. If sanctioned, Ripple will emerge as the sole shareholder of the company and will gain an asset transfer license, further bolstering its already impressive count of around 40 licenses in the U.S.
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