Ripple acquires Standard Custody & Trust, its second custody provider
Ripple bought Swiss custody provider Metaco last year, but Standard has a New York BitLicense.
A United States digital asset custody provider. The company already had ties to Ripple through its executives.
Standard Custody & Trust Company offers custody and escrow services under a charter granted by the New York State Department of Financial Services and is a qualified custodian in accordance with federal legislation. “Standard Custody's limited purpose trust charter and its money transmitter licenses will contribute to Ripple’s growing portfolio of regulatory licenses,” Ripple said in a statement.
The terms of the Standard Custody & Trust acquisition were not made public. It comes a day after the disclosure of the resignation of Metaco CEO Adrien Trecanni, although it is unclear when exactly Trecanni resigned. Metaco, a blockchain custody firm based in Switzerland, was acquired by Ripple in May for $250 million.
Still~Gbenga
npub138…rtf78
2024-02-13 20:32:35
Author Public Key
npub138unxds497lpf8qsg3dhu7qr88skl8khem43t9jpf3juyaumwkpqxrtf78Published at
2024-02-13 20:32:35Event JSON
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"content": "Ripple acquires Standard Custody \u0026 Trust, its second custody provider\nRipple bought Swiss custody provider Metaco last year, but Standard has a New York BitLicense.\n A United States digital asset custody provider. The company already had ties to Ripple through its executives.\n\nStandard Custody \u0026 Trust Company offers custody and escrow services under a charter granted by the New York State Department of Financial Services and is a qualified custodian in accordance with federal legislation. “Standard Custody's limited purpose trust charter and its money transmitter licenses will contribute to Ripple’s growing portfolio of regulatory licenses,” Ripple said in a statement.\n\nThe terms of the Standard Custody \u0026 Trust acquisition were not made public. It comes a day after the disclosure of the resignation of Metaco CEO Adrien Trecanni, although it is unclear when exactly Trecanni resigned. Metaco, a blockchain custody firm based in Switzerland, was acquired by Ripple in May for $250 million.",
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