Ripple Labs has acquired digital asset custody firm Standard Custody, appointing its CEO, Jack McDonald, as Ripple's Senior VP of Stablecoins. This acquisition, along with Ripple's previous $250 million purchase of Metaco, aligns with their goal of tokenizing real-world assets. The move is supported by regulatory approval from the New York Department of Financial Services (NYDFS). This strategic acquisition is part of Ripple's broader effort to expand its custody services in the growing institutional crypto market.

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