The acquisition of Standard Custody by Ripple follows the approval of necessary regulatory requirements, thus solidifying Metaco’s purchase last year.
The BCB Group provides crypto-related services to major web3-focused financial institutions such as Gemini, Kraken, and Crypto.com, among others.
The IBM Hyper Protect Offline Signing Orchestrator has been tapped by Ripple Labs-backed Metaco to provide secure crypto storage.
Industry watchers see the development advancing not only Ripple’s XRP token but also benefiting the wider crypto sector by adopting trusted financial industry models for security and cooperation.
The anticipation surrounding a possible settlement revolves around the expectation that once a deal is inked, it will take away the gloom that still clouds Ripple Labs’ operations and finally set the firm and XRP on a path to truly thrive.
Metaco CEO Adrien Treccani agrees that adopting Ripple and Metaco’s solutions increases the chances of adopting XRPL as a protocol.
Alfonso Gómez, CEO of BBVA Switzerland, believes the collaboration with Ripple will keep the two firms ahead of the market.
HSBC, which is one of the largest banks in the world, revealed that for now, its custody plans involve “tokenized securities issued on third-party platforms.”
The country recorded the lowest cryptocurrency trading volumes in over 12 months last week. Some analysts have linked this situation to the pullback in trading from Jump and Jane Street.
The CBDC Private Ledger, according to Ripple, will handle tens of thousands of transactions per second.
US remittance system Ripple acquired Metaco to leverage the company’s resources and entrench itself in the emerging crypto custody market.
With the right user base and its alignment with existing regulations, DZ Bank will open access to millions of users to consider getting into the crypto ecosystem with its offering.
With its already ambitious plans to grow its revenue and profit on a steady basis, BNP Paribas is looking at diversifying its businesses in order to harness the potential in new markets.