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Cryptocurrency Firm Fireblocks Acquires First Digital

One of the fastest-growing cryptocurrency companies, Fireblocks announced the acquisition of First Digital today. The acquisition will facilitate the expansion of the company’s payment offering.

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Crypto M&A Activities Increase 4,846% in 2021

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Cryptocurrency Exchange FTX Acquires Liquid

One of the world’s fastest-growing cryptocurrency trading platforms, FTX today announced that it has acquired crypto firm Liquid. The acquisition includes all the operating subsidiaries of Liquid G...

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Ripple Expands Crypto Solutions with Standard Custody & Trust Acquisition

Ripple made an announcement of its agreement to acquireStandard Custody & Trust Company, a regulated platform specializing indigital assets. By integrating Standard Custody's limited purpose trust charterand money transmitter licenses into its repertoire, Ripple aims to fortify itsportfolio of regulatory licenses.

Ripple's Diverse License Holdings Strengthen Market Position

The surge in institutional adoption of cryptocurrencies andblockchain technology can be attributed to the emergence of mature and highlysecure products in the market.

Ripple, along with its subsidiaries, holds an array oflicenses, including a New York BitLicense, nearly 40 money transmitter licensesacross the US, a Major Payment Institution License from the Monetary Authorityof Singapore, and a Virtual Asset Service Provider registration with theCentral Bank of Ireland.

Commenting on the acquisition, Jack McDonald, the CEO ofStandard Custody, highlighted the company's commitment to providing financialinstitutions with the confidence and platform to safeguard their digitalassets. McDonald expressed optimism about the collaboration with Ripple, citingthe latter's deep crypto expertise, financial institution relationships, androbust product offerings in both payments and custody solutions.

Regulatory Approval Pending for Standard Custody Acquisition

This acquisition follows Ripple's strategic move last yearto acquire Metaco, a custody solution favored by banks globally. Additionally,Ripple recently announced custody partnerships with banks such as HSBC, BBVA,and Zodia Custody, as well as expanded its Ripple Payments offering to newterritories like Africa.

Today, were excited to announce that Ripple has signed a deal to acquire @StandardCustody, strengthening our product offerings and adding to our growing portfolio of regulatory licenses around the world. Learn more about our latest acquisition: https://t.co/JJp51mEabL

The transaction's completion is contingent upon regulatoryapproval and standard closing conditions. Monica Long, Ripple's President, emphasized the company'sfocus on expanding product offerings and supporting innovativeinitiatives. Long stated: "We will continue to leverage our strongfinancial standing to expand our product offerings, support new initiatives onthe product roadmap and serve a broader segment of customers."

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