Digital Assets: Ripple to Acquire Standard Custody and Trust Company

Ripple, the enabler of enterprise blockchain and crypto solutions, announced that it has agreed to acquire Standard Custody & Trust Company, an enterprise-grade regulated platform for digital assets. The terms of the transaction were not immediately available.

Timeline of Xrp

Brad Garlinghouse, CEO of Ripple, has celebrated a series of epic wins for the fintech giant. In a tweet, the Ripple CEO celebrated the company's latest acquisition of Standard Custody and Trust, including its licensing wins.

DR Ripple Unveils Tokenization Strategies: Ripple, a leading blockchain technology company, has revealed its innovative business strategies for tokenization. Tokenization to Unlock Business Value: Ripple is leveraging tokenization, the process of converting rights to an asset into a digital token on a blockchain, to unlock business value.

Ripple struck a deal to acquire Standard Custody & Trust Co., the company said Tuesday, in order to secure a New York trust charter in an ongoing expansion of its U.S. regulatory licensing.

Cryptocurrency analyst and professional trader Crypto Patel has expressed optimism regarding the future outlook of the XRP price. The analyst has identified a distinctive technical pattern within the XRP price chart that has the potential to trigger a significant price shift for the cryptocurrency.

David “JoelKatz” Schwartz, the Chief Technology Officer (CTO) of Ripple Labs, has offered an interesting commentary on the narrative regarding Tron founder Justin Sun working for the company years ago.

Ripple co-founder Chris Larsen fell victim to a cyber theft that saw $112 million worth of XRP siphoned from his accounts. This incident, initially perceived as a targeted attack on an individual's digital assets, has taken a new turn following an investigation by Hacken, a leading cybersecurity firm.

As The Block reported earlier today, Deribit, a leader in the cryptocurrency derivatives exchange market, has announced its decision to broaden its offerings by incorporating linear options for Solana (SOL), XRP, and Polygon (MATIC).

Ripple, a prominent player in real-time gross settlement systems, has disclosed plans to extend its Ripple Payments services within the United States, as announced by Senior Director W. Oliver Segovia.

Cryptocurrency enthusiasts are on high alert as XRP, Ripple's native token which witnessed tumultuous trading recently, appears to be regaining momentum. Meanwhile, renowned crypto analyst Dark Defender's optimistic forecast on the X platform has triggered excitement, suggesting a potential breach of a key resistance level with eyes set on $0.60.

The crypto ecosystem is in a general consolidation mode with XRP riding the wave in a personalized manner. The price of the digital currency has stayed relatively flat over the past 24 hours, gaining 0.70% to $0.5078.