In a recent tweet, <a href="https://www.cryptoknowmics.com/news/ripples-potential-record-breaking-ipo-xrp-valuation-sparks-speculation/" target="_blank" rel="noopener">Ripple</a> CEO Brad Garlinghouse shared major victories for the fintech giant, highlighting the acquisition of Standard Custody &amp; Trust Company and notable licensing accomplishments.

[embed]https://twitter.com/bgarlinghouse/status/1757426246034591833[/embed]
<h2>Ripple's Licensing Triumphs:</h2>
During Q4, Ripple, along with its subsidiaries, secured licenses in pivotal markets. The achievements include obtaining the full Major Payments Institution license from the Monetary Authority of Singapore (MAS) and registration as a Virtual Asset Service Provider by the Central Bank of Ireland. Notably, Ripple holds a New York BitLicense and nearly 40 money transmitter licenses in various U.S. jurisdictions.
<h2>Acquisition of Standard Custody:</h2>
[embed]https://twitter.com/StandardCustody/status/1757491087352922621[/embed]

In a strategic move, Ripple has agreed to acquire Standard Custody &amp; Trust Company, a regulated platform for digital assets. This acquisition aligns with Ripple's commitment to regulatory compliance and offers opportunities to enhance existing products and explore new offerings.
<h2>Expanding Regulatory Portfolio:</h2>
The addition of Standard Custody's limited purpose trust charter and money transmitter licenses bolsters Ripple's regulatory license portfolio. This reinforces Ripple's dedication to meeting regulatory standards while expanding its global presence.

Global Momentum and Collaborations:

Ripple's global momentum remains unparalleled, serving enterprises worldwide. The acquisition of Standard Custody follows the strategic move last year with the acquisition of Metaco, a custody solution. Ripple continues to build key collaborations, including partnerships with institutions like HSBC, BBVA, and Zodia Custody. The company also expands its Ripple Payments product into new territories, including Africa.
<h2>Legal Victory and Industry Impact:</h2>
Ripple's legal victory in 2023 marked a significant moment in the cryptocurrency industry, establishing a precedent for tokens in the United States. This victory against the SEC enhanced XRP's legal standing and solidified Ripple's position in the evolving regulatory landscape.

Ripple's CEO Brad Garlinghouse Celebrates Strategic Triumphs

Explore Ripple's latest milestones with CEO Brad Garlinghouse, including the acquisition of Standard Custody and significant licensing achievements.

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more
than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

Ripple's CEO Brad Garlinghouse Celebrates Strategic Triumphs

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