Ripple Completes Acquisition of Standard Custody

June 12, 2024 Tóth Balázs

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Ripple Labs has finalized the acquisition of the digital asset custodian, Standard Custody. The company is expected to play a significant role in Ripple’s planned introduction of a US dollar stablecoin and the tokenization of real assets. As part of the deal, Standard Custody’s CEO, Jack McDonald, has been appointed Ripple’s Senior Vice President for Stablecoins while remaining the CEO of Standard Custody.

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Ripple Completes Acquisition of Standard Custody

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