Ripple, the cryptocurrency payment network, has acquired Standard Custody & Trust Company, a US-based digital asset custody provider, marking its second such acquisition. This follows its purchase of Swiss custody provider Metaco last year. Standard Custody, with its New York BitLicense, offers custody and escrow services under a charter granted by the New York State Department of Financial Services. Ripple sees this acquisition as a strategic move to expand its regulatory licenses and offer a more comprehensive suite of services to its customers.