Ripple Acquires Standard Custody & Trust Company
February 13, 2024
Ripple has agreed to acquire Standard Custody & Trust Company, an institutional-grade digital-asset custody and trust platform (a subsidiary of PolySign, Inc.), to expand its portfolio of regulatory licenses and strengthen its custody and payments capabilities. The deal brings Standard Custody’s limited-purpose trust charter and money transmitter licenses into Ripple’s regulatory footprint; closing is subject to regulatory approvals and standard conditions.
- Buyers
- Ripple
- Targets
- Standard Custody & Trust Company
- Sellers
- PolySign, Inc.
- Industry
- Financial Services
- Location
- New York, United States
- Transaction Type
- Buyout
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