According to the statement made by Ripple, the developer of XRP, the company plans to acquire Standard Custody & Trust.
According to the statement made by Ripple, the company reached an agreement to acquire New York-based digital asset platform Standard Custody.
of the agreement by legal authorities If approved, Ripple will become the sole owner of the platform. Standard Custody is licensed as a payment institution in the United States.
Ripple also uses the license the company received from New York. to financial institutions will be able to provide more comprehensive service. Ripple offers its customers just one payment network It also wants to offer different financial tools linked to blockchain technology.
Ripple President Monica Long, “We want to offer more and more pieces of this infrastructure to financial institutions. “We see that this gives us flexibility.” said.
Standard Custody offers digital assets to institutional clients storage And swap provides the service.