Ripple completes acquisition of Standard Custody & Trust Company to launch stablecoin and expand enterprise blockchain solutions
Acquiring Company
Ripple
Acquired Company
Standard Custody & Trust Company
San FranciscoNew YorkInformation TechnologyFinancial ServicesAdvertisingFinanceFintechBlockchainCryptocurrencyLendingMarketingFinancial ServicesCryptocurrencyDescription
Ripple has finalized its acquisition of Standard Custody & Trust Company, a regulated custodian for digital assets, in anticipation of launching its stablecoin. This strategic move signals Ripple’s expansion into the stablecoin market and its commitment to enhance liquidity and support various financial use cases on the XRP Ledger. The acquisition strengthens Ripple’s product offerings and reinforces its position as a leader in the enterprise blockchain space.
Quick answer
Ripple is acquiring Standard Custody & Trust Company, announced June 13, 2024. Ripple is based in San Francisco, California, United States.
- How much did Ripple pay for Standard Custody & Trust Company?
- The deal value was not disclosed.
- What does Ripple do?
- Ripple is an enterprise crypto and blockchain company.
- Where are Ripple and Standard Custody & Trust Company based?
- Ripple is based in San Francisco, California, United States. Standard Custody & Trust Company is based in New York, New York, United States.
- Who are the decision-makers at Ripple?
- Fundz holds 3 contacts at Ripple. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Standard Custody & Trust Company?
Standard Custody & Trust Company was acquired by Ripple, based in San Francisco. The deal was reported on June 13, 2024. Ripple is an enterprise crypto and blockchain company. It builds crypto solutions that let financial institutions, businesses, governments and developers store, move and exchange value. Ripple is privately held and operates in Information Technology.
When did Ripple acquire Standard Custody & Trust Company?
Ripple's acquisition of Standard Custody & Trust Company was reported on June 13, 2024. Ripple has finalized its acquisition of Standard Custody & Trust Company, a regulated custodian for digital assets, in anticipation of launching its stablecoin. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Standard Custody & Trust Company do?
Standard Custody & Trust Company is an enterprise-grade regulated custodian for digital assets, regulated by the New York Department of Financial Services. It is privately held, operating in Financial Services, and is based in New York.
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