小烏鴉Max
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[Ripple will acquire New York cryptocurrency trust company to expand U.S. options]
Ripple recently announced plans to acquire a company with a New York trust license, a move that would expand its presence in the United States beyond its current role as a payments network. The acquisition, which follows Ripple’s previous acquisition of a cryptocurrency custody business, is subject to approval by New York regulators.
Ripple has reached an agreement to acquire Standard Custody & Trust Co., a move aimed at continuing to expand the scope of its regulatory license in the United States. Although Ripple faces legal disputes with the U.S. Securities and Exchange Commission (SEC), it remains committed to expanding its business capabilities in the United States. By acquiring a company that holds a limited purpose trust license in New York, Ripple will be able to provide more in-house services, such as helping financial companies tokenize assets, and expand into other financial products where blockchain technology can benefit its institutional clients. industry.
Ripple President Monica Long said the company aims to provide more infrastructure pieces to financial institutions and believes this will give Ripple greater flexibility. She sees this as a long-term plan, noting that Ripple is working on finalizing the remainder of its U.S. remittance license.
While terms of the deal were not disclosed, the deal is still awaiting approval from the New York Department of Financial Services. The acquisition will add a crypto custody and settlement business to Ripple, allowing customers to maintain custody of assets directly with Ripple without having to seek out external partners.
While Ripple is known for its U.S. court battles with the SEC over whether XRP is a security, Long said the company's hesitancy in the U.S. is not just due to the dispute but to uncertainty over the regulation of digital assets. She emphasized that the United States is a key market and believes that the United States has the potential to become a leader in innovation.
The acquisition follows Ripple’s acquisition of cryptocurrency custodian company Metaco last year, further expanding its footprint.
#鴉快訊 #内容挖矿 $XRP @RippleNetwork
Ripple recently announced plans to acquire a company with a New York trust license, a move that would expand its presence in the United States beyond its current role as a payments network. The acquisition, which follows Ripple’s previous acquisition of a cryptocurrency custody business, is subject to approval by New York regulators.
Ripple has reached an agreement to acquire Standard Custody & Trust Co., a move aimed at continuing to expand the scope of its regulatory license in the United States. Although Ripple faces legal disputes with the U.S. Securities and Exchange Commission (SEC), it remains committed to expanding its business capabilities in the United States. By acquiring a company that holds a limited purpose trust license in New York, Ripple will be able to provide more in-house services, such as helping financial companies tokenize assets, and expand into other financial products where blockchain technology can benefit its institutional clients. industry.
Ripple President Monica Long said the company aims to provide more infrastructure pieces to financial institutions and believes this will give Ripple greater flexibility. She sees this as a long-term plan, noting that Ripple is working on finalizing the remainder of its U.S. remittance license.
While terms of the deal were not disclosed, the deal is still awaiting approval from the New York Department of Financial Services. The acquisition will add a crypto custody and settlement business to Ripple, allowing customers to maintain custody of assets directly with Ripple without having to seek out external partners.
While Ripple is known for its U.S. court battles with the SEC over whether XRP is a security, Long said the company's hesitancy in the U.S. is not just due to the dispute but to uncertainty over the regulation of digital assets. She emphasized that the United States is a key market and believes that the United States has the potential to become a leader in innovation.
The acquisition follows Ripple’s acquisition of cryptocurrency custodian company Metaco last year, further expanding its footprint.
#鴉快訊 #内容挖矿 $XRP @RippleNetwork
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