Ripple Acquires Crypto Custody Firm Metaco In $250 Million Deal
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US-based cryptocurrency company Ripple has recently announced its acquisition of Metaco. Metaco is a Swiss-based crypto custody firm and the deal, valued at $250 million, marks Ripple’s foray into the acquisition space. Metaco specializes in developing cutting-edge technology that enables financial institutions to securely store and effectively manage digital assets. Some of its notable clients comprise Citi, BNP Paribas, and the digital asset arm of Societe Generale. After the acquisition, Ripple will become the exclusive shareholder of Metaco. It will, however, allow the company to retain its independent brand identity and continue its operations uninterrupted. Nevertheless, this acquisition holds significant
Ripple finally closed the Hidden Road deal, which became big news at the end of the week as the prime broker now goes under a different name. This and more interesting news from the past week or so will be detailed in the following article. Hidden Road and Other Big…