Ripple CEO Brad Garlinghouse has congratulated the fintech giant on a number of big wins. In his tweet, the Ripple CEO highlighted Standard Custody and Trust's latest acquisition, which includes a licensing win.
In Q4, #Ripple (including its subsidiaries) received licenses in key markets, including a full major clearing house license from the Monetary Authority of Singapore (MAS) and registration as a virtual asset service provider from the Central Bank of Ireland.
Ripple currently holds a New York #bitcoin license and money transfer licenses in about 40 U. S. jurisdictions.
On Tuesday, Ripple announced that it has agreed to acquire Standard Custody and Trust Company, a regulated enterprise-level digital asset platform.
The move reinforces Ripple's commitment to regulatory compliance and also allows the company to expand its existing offerings and explore new complementary products.
The acquisition of Standard Custody adds a limited purpose trust charter license and a remittance license to Ripple's portfolio of licenses.
Ripple continues to grow globally, serving businesses around the world. The acquisition of Standard Custody follows last year's acquisition of Metaco, a custody solution.
Ripple recently announced partnerships with leading financial institutions such as HSBC, BBVA and Zodia Custody, as well as the expansion of its Ripple Payments product into new regions such as Africa.
Ripple has doubled its core payments and custody business, supporting commercial custody offerings in 20 regulated jurisdictions and supporting payments in 70 countries.
In 2023, Ripple's key legal victory in a lawsuit was a watershed moment in determining the legal status of XRP. It was an industry-first victory over the SEC and a precedent for other tokens in the US.
Tomiwabold is a #cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducts comprehensive price analysis and shares predictions on expected market trends. He holds a university degree from the University of Lagos.
Read us at: Compass Investments
