Ripple has acquired: Hidden Road for 1.25B: Prime Brokerage/Clearing/Multi-asset infrastructure; Rail for 200M: Bolsters Ripple’s stablecoin infrastructure payments - adds virtual account & automated backend and strengthens its competitive position in stablecoin-based payments; Metaco for 250M: Crypto custody/tokenization/institutional custody services, giving Ripple a strong foothold in the institutional custody market; Standard Custody & Trust: regulated digital asset custody/trust/stablecoin backing infrastructure Adds a regulated trust/custodian backbone that can hold reserves, support stablecoins, and provide regulatory legitimacy. Fortress Trust: Crypto infrastructure, regulatory / licensing / trust services; Algrim: Crypto/market making/trading/engineering talent enhancing liquidity/trading tools. To name a few and now see 👇 I don’t believe Garlinghouse is done either.(John E Deaton)