Ripple boosts US presence with New York Crypto Trust acquisition

Ripple boosts US presence with New York Crypto Trust acquisition
фото показано с : invezz.com

2024-2-15 12:12

Ripple has agreed to acquire Standard Custody & Trust Co. as the crypto entity expands its presence in the US. The company disclosed the acquisition in an X post on Tuesday in a move it says will expand its growing product portfolio of regulatory licences around the world.

Today, we’re excited to announce that Ripple has signed a deal to acquire @StandardCustody, strengthening our product offerings and adding to our growing portfolio of regulatory licenses around the world. Learn more about our latest acquisition: https://t.co/JJp51mEabL

— Ripple (@Ripple) February 13, 2024

The acquisition allows Ripple to offer an expanded range of in-house services, including helping firms seeking to tokenize their assets. Ripple President Monica Long disclosed in an interview:

We want to offer more and more of these infrastructure pieces to these financial institutions.

The move happens even as Ripple tries to expand beyond the payments network. The blockchain company anticipates its suit of other financial products will benefit its institutional customers. Long expects “a lot of flexibility” as a result of the new shift.

Brings in-house settlement and crypto custody services

Ripple’s president termed the acquisition of Standard Custody & Trust a long-term project. She says the purchase is expected to enable Ripple to complete its US money transmission licensing. The acquisition also brings crypto custody and settlement in-house, preventing customers from shifting to third parties.

The acquisition of Standard Custody now awaits approval by the New York Department of Financial Services. If approved, Ripple is expected to cement its ongoing strategy of expanding globally. The company has other licences, including in Ireland and Singapore.

Ripple’s move in the US is a bold one after having been embroiled in legal tussles with the SEC over alleged security offerings of its crypto token, XRP. Despite the regulatory hurdles, Ripple believes the US is a major market, with Long pointing out that the country will emerge as the leader in driving innovation.

The post Ripple boosts US presence with New York Crypto Trust acquisition appeared first on Invezz

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5134 (-0.10%)
Объем 24H $1.01b
Изменеия 24h: -1.67 %, 7d: -0.13 %
Cегодня L: $0.5107 - H: $0.5229
Капитализация $28.419b Rank 7
Цена в час новости $ 0.5436 (-5.56%)

acquisition ripple trust presence crypto growing expand

Источник: invezz.com

acquisition ripple → Результатов: 79


Фото:

Top Ripple Competitor Stellar Reportedly In Talks To Purchase MoneyGram; XLM Soars By An Impressive 18%

After winding down its business relationship with Ripple, global money transfer giant MoneyGram could soon be purchased by Stellar. XLM Surges On News Of Stellar’s Potential MoneyGram Acquisition According to a July 21 article on Bloomberg, the Stellar Development Foundation (SDF) is reportedly working on the possible takeover in partnership with Advent International, a Boston-based […]

2021-7-23 18:49


Empowering Team Members to Be Their Authentic Selves Through Pride at Ripple

Jim Chauncey-Kelly has long been a champion for marginalized and underrepresented employees at tech companies. As the Senior Director of Global Talent Acquisition for Ripple and a co-leader of the Pride at Ripple Employee Resource Group (ERG), he is helping to build a more inclusive and diverse workplace culture within the blockchain industry.

2021-7-2 22:25


Фото:

Ripple Acquires 40% Of Asia’s Leading Remittance Payments Firm Tranglo – XRP Price Reacts

Ripple has been, for a long time, in the business of cross-border transactions which has seen it collaborate with payment firms like MoneyGram and being deployed across the globe. It recently expanded on these efforts with a 40% acquisition in Tranglo, a prominent cross-border payment firm based in Asia. The announcement of this not only […]

2021-3-30 14:11


Фото:

Ripple намерена покорить Европу через Исландию

Представители стартапа Ripple приобрели базирующуюся в Исландии компанию Algrim, с целью расширения своего присутствия в Европе. Информация об этом появилась на официальном сайте криптовалютного проекта.

2019-9-30 14:57


Ripple приобрела исландскую криптотрейдинговую фирму Algrim

Калифорнийский финтех-стартап Ripple надеется активизировать деятельность в Европе благодаря покупке исландской криптотрейдинговой фирмы Algrim. Ripple continues its acquisition streak, and launches operations in Iceland.

2019-9-30 13:32


Ripple acquires Icelandic crypto trading company Algrim

The Brad Garlinghouse-led firm is on an expansion mode, hiring teams on a global scale. The Algrim deal marked the second engineering talent acquisition this week. The official release further stated that the acquisitions of the Logos platform and Algrim point to ‘Ripple’s strong market momentum and focus on attracting and developing the best in engineering […] The post Ripple acquires Icelandic crypto trading company Algrim appeared first on AMBCrypto.

2019-9-30 11:19


xRapid User Fleetcor Acquires a Payroll Card Provider; Will This Move Ripple into SMB Territory?

Fleetcor Technologies announced the acquisition of SOLE Financial, a payroll card provider that enables instant and affordable wage access for workers, on July 8. The leading global business payments company will combine SOLE with its existing digital paycard business and increase the overall addressable market for the company. “SOLE is a good strategic fit with […]

2019-7-9 16:45


Фото:

Kraken Acquires British Derivatives Platform Crypto Facilities

Cryptocurrency exchange Kraken has acquired Crypto Facilities, a British digital asset trading platform and index provider, in an undisclosed “nine-figure” deal. The acquisition means that Kraken will now be able to offer both spot and futures trading in bitcoin core, bitcoin cash, ripple, litecoin and ethereum while boosting revenue by attracting institutional customers.

2019-2-5 06:45


Ripple Price Analysis: XRP/USD Snap Back to Trend as Convergence Take Shape

Latest Ripple News Is Ripple—the enterprise software solution provider, slowly laying tracks for Convergence? From the look of things, that might be the end goal confirming what Jim Chauncey-Kelly, the Director of Talents Acquisition at Ripple, said in an interview as the reason why the company was beefing up, hiring engineering in the first half […] The post Ripple Price Analysis: XRP/USD Snap Back to Trend as Convergence Take Shape appeared first on Ethereum World News.

2018-11-28 16:41


Фото:

Coinbase RoundUp: Token Additions, SEC Acquisition, and FINRA Probe?

One of the first crypto unicorns in the space, Coinbase, has enjoyed the same volatility native to the sector it represents just this past week. Most notably, the firm announced the potential addition of five new cryptocurrencies, an odd (and apparently unnecessary) declaration regarding confirmation from the SEC and FINRA, and a tacit response from the Ripple community for not.

2018-7-23 04:00


дальше еще 30 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

SEC files final response in XRP lawsuit, rejects Ripple’s claims

The United States States Securities and Exchange Commission (SEC)  has filed its final response to its ongoing lawsuit against Ripple. According to the filing, the commission has refuted Ripple’s claims that it acted without recklessness in handling the XRP cryptocurrency.…

SEC calls Ripple’s proposed stablecoin an ‘unregistered crypto asset’

The US Securities and Exchange Commission (SEC) appears to be targeting Ripple’s proposed stablecoin in its latest court filing against the crypto company. In its May 7 redacted remedies reply brief, the regulator described the proposed stablecoin as an “unregistered crypto asset” and further evidence that the company will continue to engage in unregulated activities […] The post SEC calls Ripple’s proposed stablecoin an ‘unregistered crypto asset’ appeared first on CryptoSlate.

Bitcoin ETFs in the US see $15.7 million in outflows

Quick Take US Bitcoin ETFs saw an outflow of $15. 7 million on May 7, marking the first day of outflows since May 2. According to data from Farside, Grayscale’s GBTC was responsible for the negative trend, as it recorded $28.

XRP Ledger To Undergo Major Upgrades: What To Expect

The XRP Ledger (XRPL) is set to undergo a series of substantial enhancements that promise to expand its functionality and market relevance significantly. These proposed upgrades, outlined by renowned community member Krippenreiter via X, cover a broad spectrum from improving interoperability to bolstering the ledger’s decentralized finance (DeFi) capabilities.

Are Ethereum And XRP Securities? Ripple CEO Weighs In On The Debate

The US Securities and Exchange Commission has long been at loggerheads with the crypto industry, especially concerning the security status of some cryptocurrencies. Ripple CEO Brad Garlinghouse recently had some strong opinions on the matter that he’s not afraid to share.