Ripple, the UK fintech, has completed the acquisition of Standard Custody & Trust Company, a U.S.-based regulated custodian for digital assets. The acquisition adds a limited purpose trust company regulated by the New York Department of Financial Services, and follows the 2023 acquisition of Metaco, a Swiss-based provider of digital asset custody and tokenisation technology.
Ripple has appointed Jack McDonald as senior vice president of stablecoins, alongside his current role as CEO of Standard Custody. McDonald is also CEO of PolySign, the holding company for Standard Custody.