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Standard Custody will help bolster Ripple’s portfolio of regulatory licenses through the acquisition, which awaits regulatory approval.

Ripple struck a deal to acquire Standard Custody & Trust Co., the company said Tuesday, in order to secure a New York trust charter in an ongoing expansion of its U.S. regulatory licensing.

The new token type claims to solve some of the drawbacks with ERC-404s, an experimental standard that launched last week – to such popularity that it’s already driven up congestion on the Ethereum blockchain.

The company has onboarded institutional investors such as Pantera Capital, DeFiance Capital, Keyrock and Flare Network to its MPC wallet, and secured over $3 billion in blockchain transaction volume.

Bringing Coinbase Pay into the Ledger Live app is supposed to benefit Ledger users, making it easier to receive their crypto purchases from Coinbase directly on their Ledger hardware wallet, without any additional fees.

The integration allows Zcash wallet developers to implement Nym’s privacy features, supported by a $150,000 community grant from Zcash.

The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 13, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

BNXA UK VASP is the first firm to land on the Financial Conduct Authority’s crypto register this year.

Ether options open interest on CME is on track to hit a fresh all-time high, according to The Block’s Data Dashboard.

A group of developers have released their own implementation of the ERC-404 idea, which fuses ERC-20 tokens with NFTs.