Ripple to acquire Standard Custody & Trust Co. to expand US presence
Ripple acquires Standard Custody & Trust Co. to bolster US presence and regulatory compliance. The acquisition enables Ripple to expand service offerings, including asset tokenization and custody solutions. The move comes amid reports of an agreed settlement between Ripple and the US SEC. Ripple has announced the acquisition of Standard Custody & Trust Co., a wholly owned subsidiary of PolySign, marking its second recent purchase of a custody business. With a focus on regulatory compliance and expand ing its service offerings, Ripple’s acquisition aims to pave the way for broader financial capabilities within the United States. Ripple’s expansion into the US market Ripple, known for its innovative blockchain-based payment solutions, is strategically positioning itself to further penetrate the US financial sector. Despite ongoing legal disputes, Ripple remains committed to enhancing its regulatory qualifications and operational capabilit...