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.
Location
New York, United States
Transaction Type
Buyout

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