Binance Labs Invests in Zircuit; Ripple acquires NYDFS-regulated custodian Standard Custody & Trust Company
Binance Labs, the venture capital arm of the renowned crypto exchange, has announced a strategic investment in Zircuit, a Layer 2 (L2) network. According to a June 11 statement, Ripple has completed the acquisition of Standard Custody & Trust Company, a licensed digital asset custodian
Binance Labs, the venture capital arm of the renowned crypto exchange, has announced a strategic investment in Zircuit, a Layer 2 (L2) network developer based on Ethereum. The investment, the amount of which has not been disclosed, showcases the exchange's interest in supporting innovative projects that promote development and security within the blockchain industry.
Zircuit stands out for its revolutionary approach to on-chain security, introducing a sequencer-backed security level supported by artificial intelligence (AI). The unique combination of these technologies offers a safer and more efficient L2 solution, making it an attractive option for those seeking to enhance scalability and security in transactions within the Ethereum network.
Ripple acquires NYDFS-regulated custodian Standard Custody
According to a June 11 statement, Ripple has completed the acquisition of Standard Custody & Trust Company, a licensed digital asset custodian.
The firm initially revealed its intention to acquire the firm in February but finalized the deal earlier today after receiving the appropriate regulatory approval.
