United

Bank AI

Standard

<a href="https://bitcoinworld.co.in/ripple-acquires-standard-custody-trust-co-to-expand-service-offerings-in-the-us/" title="Ripple Acquires Standard Custody &amp; Trust Co. To Expand Service Offerings In The US" rel="nofollow"></a>
<ul> 
 <li style="font-weight: 400">Ripple acquires Standard Custody &amp; Trust Co. to bolster US presence and regulatory compliance.</li> 
 <li style="font-weight: 400">The acquisition enables Ripple to expand service offerings, including asset tokenization and custody solutions.</li> 
 <li style="font-weight: 400">The move comes amid reports of an agreed settlement between Ripple and the US SEC.</li> 
</ul> 
Ripple has announced the acquisition of Standard Custody &amp; Trust Co., a wholly owned subsidiary of PolySign, marking its second recent purchase of a custody business. 
With a focus on regulatory compliance and expanding its service offerings, Ripple’s acquisition aims to pave the way for broader financial capabilities within the United States. 
<h3 id="span-style-font-weight-400-ripple-s-expansion-into-the-us-market-span">Ripple’s Expansion Into The US market</h3> 
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 capabilities within the country.&nbsp; 
By acquiring Standard Custody &amp; Trust Co., a company with a New York trust charter, Ripple aims to unlock new opportunities for growth and diversification in the US market. 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/russian-police-shut-down-two-crypto-mining-centers-took-down-400-mining-rigs/" aria-label="“Russian Police Shut Down Two Crypto Mining Centers, Took Down 400+ Mining Rigs” (Edit)">Russian Police Shut Down Two Crypto Mining Centers, Took Down 400+ Mining Rigs</a> 
In an X <a href="https://twitter.com/bgarlinghouse/status/1757426246034591833">post</a>, Brad Garlinghouse, Ripple’s CEO, has reiterated the importance of the acquisition. He has stated: 
“With Standard Custody, we’ll be able to improve existing product offerings for our customers, as well as explore new products and use cases, all in a fully compliant way. To date, Ripple has secured: nearly 40 U.S. money transmitter licenses, MPI license from MAS, and VASP registration with Central Bank of Ireland (and counting!)” 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 With <a href="https://twitter.com/StandardCustody?ref_src=twsrc%5Etfw">@StandardCustody</a>, we’ll be able to improve existing product offerings for our customers, as well as explore new products and use cases, all in a fully compliant way. 
 To date, <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw">@Ripple</a> has secured:&nbsp;<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;">&nbsp;nearly 40 U.S. money transmitter licenses,&nbsp;<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;">&nbsp;MPI license from MAS, and&nbsp;<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;">… <a href="https://t.co/0BrAWjBmhM">https://t.co/0BrAWjBmhM</a> 
 — Brad Garlinghouse (@bgarlinghouse) <a href="https://twitter.com/bgarlinghouse/status/1757426246034591833?ref_src=twsrc%5Etfw">February 13, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h3 id="span-style-font-weight-400-enhancing-regulatory-compliance-and-service-offerings-span">Enhancing Regulatory Compliance And Service Offerings</h3> 
The acquisition of Standard Custody &amp; Trust Co. reflects Ripple’s proactive approach to addressing regulatory challenges and tapping into the potential of the US financial landscape. 
By obtaining a New York trust charter through this acquisition, Ripple gains the ability to conduct a wider range of business activities within the United States.&nbsp; 
This includes offering in-house services to financial institutions interested in leveraging blockchain technology for asset tokenization and custody solutions. 
With this strategic move, Ripple aims to provide its customers with enhanced flexibility and comprehensive services, positioning itself as a key player in the evolving financial ecosystem. 
<blockquote>
 Disclaimer: The information provided is not trading nor financial advice. Bitcoinworld.co.in holds no liability for any trading or investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any trading or investment decisions.
</blockquote> 
#Binance #WRITE2EARN 
The post <a href="https://bitcoinworld.co.in/ripple-acquires-standard-custody-trust-co-to-expand-service-offerings-in-the-us/">Ripple Acquires Standard Custody &amp; Trust Co. To Expand Service Offerings In The US</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

Ripple Acquires Standard Custody & Trust Co. To Expand Service Offerings In The US

Mục lục

ItsBitcoinWorld

Các bài viết khác được xuất bản trên 14 thg 2, 2024

StarkWare to Launch STRK Token Distribution on February 20

Bitcoin Dips Below $49K Following Higher-than-Expected US Inflation Report

Kandola Network Incentivized Testnet Program: Explore the Frontier of Decentralized Databases

PEPE Gets Listed on Major Exchange as Price Takes Surprising Turn

Chainlink Price Prediction: LINK Surpasses Dogecoin To Become 10th Largest Crypto After 11% Weekl...

Best Crypto to Buy Now February 13 – Optimism, ORDI, Internet Computer

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!