Ripple Expands Regulatory Reach with Acquisition of Standard Custody and Trust Company

Ripple Expands Regulatory Reach with Acquisition of Standard Custody and Trust Company



Ripple is set to acquire Standard Custody and Trust Company, a firm based in New York renowned for its expertise in digital asset services, aiming to enhance its portfolio of regulatory licenses. This strategic acquisition positions Ripple as the exclusive proprietor of Standard Custody, significantly bolstering its assortment of regulatory accreditations, including essential trust charter and money transmitter licenses.



The acquisition of Standard Custody's licenses marks a pivotal step towards Ripple's ambition to offer a holistic suite of services. Established as a leader in digital asset custody and settlement, Standard Custody was one of the pioneers to be granted a New York trust license in May 2021. Ripple President Monica Long highlighted the importance of combining technological innovation with compliance standards in


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