{"id":71846,"date":"2024-02-19T18:19:11","date_gmt":"2024-02-19T22:19:11","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=71846"},"modified":"2024-02-19T18:21:06","modified_gmt":"2024-02-19T22:21:06","slug":"ripple-hints-at-big-custody-plans-in-new-job-offer","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ripple-hints-at-big-custody-plans-in-new-job-offer\/","title":{"rendered":"Ripple Hints at Big Custody Plans in New Job Offer"},"content":{"rendered":"\n

The blockchain startup Ripple<\/a>, based in San Francisco, is strategically expanding its footprint in the digital asset custody space. <\/p>\n\n\n\n

\"Ripple
Ripple Hints at Big Custody Plans in New Job Offer<\/figcaption><\/figure>\n\n\n\n

One such move is the recent recruitment of an accomplished enablement engineer in New York. This comes after Metaco, a company that specializes in security-critical infrastructure for financial institutions, was acquired by Ripple for $250 million in May of the previous year.<\/p>\n\n\n\n

Leading the way in creating scalable and integrated solutions for the digital asset ecosystem is Metaco, which is now a part of Ripple. Its clientele includes well-known companies including Citi, BNP Paribas, and Societe Generale's digital asset division\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>. Its solutions are robust, scalable, and well-integrated.<\/p>\n\n\n\n

The recently posted role is focused on the Harmonize platform and seeks to make it easier for customers to integrate with Metaco's products. This aligns with Ripple's ambition to satisfy the growing institutional demand for trustworthy cryptocurrency custody services.<\/p>\n\n\n\n

By acquiring Metaco, Ripple not only announces its foray into the custody market but also makes a calculated effort to navigate the complex regulatory landscape surrounding the cryptocurrency sector<\/a>. <\/p>\n\n\n\n

Ripple hopes to offer a safer and more compliant approach to managing digital assets with this purchase. The increasing regulatory focus on US cryptocurrency companies makes this goal more pressing.<\/p>\n\n\n\n

In the face of growing regulatory scrutiny from US authorities, Ripple hopes to give its clients a safe and legal means of managing their digital assets by utilizing Metaco's technology.<\/p>\n\n\n\n

The CEO of Ripple, Brad Garlinghouse, has previously discussed the significance of infrastructure development<\/a>, emphasizing stability and regulatory compliance over short-term market gains, to mitigate cryptocurrencies' inherent volatility.<\/p>\n\n\n\n

To strengthen its regulatory compliance skills, Standard Custody and Trust Company, a New York-based company well-known for its digital asset services, will be acquired by Ripple, the company said on February 13. <\/p>\n\n\n\n

By complementing its portfolio with essential trust charter and money transmitter licenses, the acquisition is expected to strengthen Ripple's regulatory position.<\/p>\n\n\n\n

Standard Custody is well-known for providing digital asset custody<\/a> and settlement services. The company obtained a New York trust license in May 2021.<\/p>\n\n\n\n

In order to provide a full range of services in the vibrant cryptocurrency industry, Ripple is now collaborating with significant institutions across the globe and working to strengthen its regulatory standing in the United States, Singapore, the United Kingdom, and Europe.<\/p>\n","protected":false},"excerpt":{"rendered":"

The blockchain startup Ripple, based in San Francisco, is strategically expanding its footprint in the digital asset custody space. One such move is the recent recruitment of an accomplished enablement engineer in New York. This comes after Metaco, a company that specializes in security-critical infrastructure for financial institutions, was acquired by Ripple for $250 million […]<\/p>\n","protected":false},"author":43,"featured_media":71848,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1058,142],"class_list":["post-71846","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-digital-asset","tag-ripple"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/02\/croc_1708364054865.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/71846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=71846"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/71846\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/71848"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=71846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=71846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=71846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}