<ul><li>Ripple acquires Standard Custody, enhancing its regulatory and infrastructure capabilities.</li><li>Acquisition boosts Ripple&#39;s ability to offer stablecoins and other innovative financial products.</li><li>Jack McDonald named SVP of Stablecoins, leading Ripple’s stablecoin initiatives.</li></ul>Ripple has <a href="https://ripple.com/insights/paving-a-compliant-path-forward-ripple-closes-standard-custody-acquisition-and-appoints-jack-mcdonald-as-senior-vice-president-of-stablecoins/" rel="noopener noreferrer nofollow">announced</a> the completion of its acquisition of Standard Custody &amp; Trust Company, a regulated digital asset custodian. This acquisition, now backed by necessary regulatory approvals, is set to fortify Ripple&#39;s existing infrastructure and pave the way for innovative financial products including stablecoins.Strategic Expansion and Regulatory ComplianceThe acquisition integrates a limited-purpose trust company regulated by the New York Department of Financial Services into Ripple&#39;s extensive license portfolio. This portfolio already includes nearly 40 money transmitter licenses across the U.S., a Major Payment Institution License from the Monetary Authority of Singapore, and a Virtual Asset Service Provider registration from the Central Bank of Ireland. This enhancement will allow Ripple to offer more robust enterprise solutions for tokenizing, storing, moving, and exchanging value.Jack McDonald Takes the Helm of Stablecoins DivisionFollowing the acquisition, Ripple has appointed Jack McDonald as the Senior Vice President of Stablecoins, while he continues serving as the CEO of Standard Custody. With over three decades of experience in various financial sectors, McDonald is well-equipped to lead Ripple&#39;s foray into the stablecoin market. His leadership is expected to drive the development and adoption of Ripple&#39;s planned USD-backed stablecoin, which will utilize the XRP Ledger to facilitate liquidity and support a range of financial use cases.<a href="https://cryptotale.org/ripple-completes-standard-custody-acquisition-eyes-stablecoin-expansion/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Ripple Completes Standard Custody Acquisition, Eyes Stablecoin Expansion

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