![13 Tips for Creating Videos for Instagram Like the Brands You Love [+ Examples]](https://www.hubspot.com/hubfs/creating%20videos%20for%20instagram%20featured.png)
Ripple Completes Standard Custody Acquisition and Appoints Jack McDonald as SVP of Stablecoins
The post Ripple Completes Standard Custody Acquisition and Appoints Jack McDonald as SVP of Stablecoins appeared on BitcoinEthereumNews.com. Earlier this year, Ripple unveiled its plans to acquire Standard Custody & Trust Company, a regulated custodian for digital assets. With all necessary regulatory approvals secured, the acquisition is now finalized. This significant move strengthens Ripple’s existing offerings and opens doors to new opportunities, such as stablecoins, all while maintaining a commitment to regulatory compliance. Ripple’s strategy emphasizes collaborating with global regulators to integrate blockchain into the global financial infrastructure. Earlier this year, Ripple announced its intent to acquire @StandardCustody, and today, we’re pleased to share that the acquisition is now complete! Learn how this deal further enables Ripple to deliver on building the Internet of Value:https://t.co/pS3QxeOOWm — Ripple (@Ripple) June 11, 2024 Strengthening Regulatory Compliance and Infrastructure The completion of this acquisition brings a limited purpose trust company, regulated by the New York Department of Financial Services, into Ripple’s portfolio. Ripple now holds nearly 40 money transmitter licenses across the U.S., a Major Payment Institution License from the Monetary Authority of Singapore, and a Virtual Asset Service Provider (VASP) registration from the Central Bank of Ireland. This extensive regulatory framework enhances Ripple’s ability to provide robust enterprise infrastructure solutions powered by blockchain and digital asset technology. These solutions enable better tokenization, storage, transfer, and exchange of value for institutional customers. Introducing Stablecoins and Enhancing Financial Solutions Following the acquisition, Ripple has announced its plans to launch a USD-backed stablecoin. This initiative aims to bridge blockchain technology with traditional finance, addressing the high demand for stablecoins that offer trust, stability, and utility. Ripple plans to leverage its extensive experience in creating real-world financial solutions to cater to this expanding market. The new stablecoin, along with XRP, will be used in Ripple’s payment solutions, continuing to serve enterprise customers globally. Issued on the XRP Ledger, Ripple’s stablecoin will enhance liquidity on…
The post Ripple Completes Standard Custody Acquisition and Appoints Jack McDonald as SVP of Stablecoins appeared on BitcoinEthereumNews.com.
Earlier this year, Ripple unveiled its plans to acquire Standard Custody & Trust Company, a regulated custodian for digital assets. With all necessary regulatory approvals secured, the acquisition is now finalized. This significant move strengthens Ripple’s existing offerings and opens doors to new opportunities, such as stablecoins, all while maintaining a commitment to regulatory compliance. Ripple’s strategy emphasizes collaborating with global regulators to integrate blockchain into the global financial infrastructure. Earlier this year, Ripple announced its intent to acquire @StandardCustody, and today, we’re pleased to share that the acquisition is now complete! Learn how this deal further enables Ripple to deliver on building the Internet of Value:https://t.co/pS3QxeOOWm — Ripple (@Ripple) June 11, 2024 Strengthening Regulatory Compliance and Infrastructure The completion of this acquisition brings a limited purpose trust company, regulated by the New York Department of Financial Services, into Ripple’s portfolio. Ripple now holds nearly 40 money transmitter licenses across the U.S., a Major Payment Institution License from the Monetary Authority of Singapore, and a Virtual Asset Service Provider (VASP) registration from the Central Bank of Ireland. This extensive regulatory framework enhances Ripple’s ability to provide robust enterprise infrastructure solutions powered by blockchain and digital asset technology. These solutions enable better tokenization, storage, transfer, and exchange of value for institutional customers. Introducing Stablecoins and Enhancing Financial Solutions Following the acquisition, Ripple has announced its plans to launch a USD-backed stablecoin. This initiative aims to bridge blockchain technology with traditional finance, addressing the high demand for stablecoins that offer trust, stability, and utility. Ripple plans to leverage its extensive experience in creating real-world financial solutions to cater to this expanding market. The new stablecoin, along with XRP, will be used in Ripple’s payment solutions, continuing to serve enterprise customers globally. Issued on the XRP Ledger, Ripple’s stablecoin will enhance liquidity on…
What's Your Reaction?
