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Ripple Invests $250 Million in Acquisition of Metaco, Swiss Crypto Custody Specialist for Institutional Investors

Ripple has announced a $250 million investment to acquire Metaco, a Swiss-based company renowned for its expertise in providing crypto custody solutions for institutional investors.

Institutional crypto custody is poised to reach a staggering $10 trillion by 2030, and Ripple is positioning itself to capitalize on this growing market. The company recently announced its acquisition of Metaco, a Swiss-based provider of digital asset custody and tokenization technology. The move solidifies Ripple’s position in the enterprise crypto services sector and enhances its ability to offer secure custody solutions to financial institutions and enterprises.

Ripple and Metaco share a common background in working with regulated entities to develop robust, enterprise-grade solutions. By joining forces, Ripple aims to expand its product suite and global footprint while providing customers with the technology to custody, issue, and settle any type of tokenized asset. The acquisition also presents significant growth opportunities for Metaco, as it gains access to Ripple’s extensive customer base, financial resources, and expertise in the crypto industry.

Brad Garlinghouse, CEO of Ripple, expressed enthusiasm about the acquisition, emphasizing Metaco’s leadership in institutional digital asset custody and its track record of serving top-tier clients. He highlighted Ripple’s commitment to pressing its advantage in critical areas of crypto infrastructure and sees the addition of Metaco as a monumental step forward for the company.

Ripple’s history of addressing major pain points in the industry, coupled with its broad range of product offerings and global network of partners, has contributed to its growth and expansion. The acquisition of Metaco allows Ripple to evolve its solutions further and cater to the increasing demand for custodial services for tokenized assets.

Metaco’s flagship product, Harmonize™, has gained recognition as the institutional standard for digital asset custody and tokenization infrastructure. It is trusted by major custodians, banks, financial institutions, and corporations worldwide. With its secure and versatile custody infrastructure, Metaco enables institutions to scale their business models in the crypto economy. The company’s technology solutions are currently available in various jurisdictions, including Switzerland, Germany, Turkey, France, the United Kingdom, the United States, Singapore, Australia, Hong Kong, and the Philippines.

Sagar Shah, Head of Custody at Ripple, stressed the complementary nature of Metaco’s technology, customer base, and team, emphasizing the partnership’s potential to provide critical crypto infrastructure to enterprises. Ripple aims to support Metaco’s ongoing delivery of high-quality products and services while leveraging Ripple’s market strength and scale to help the company achieve its goals and meet the increasing institutional demand.

The news of Ripple’s acquisition of Metaco comes amid a broader trend of established financial players entering the crypto custody space. BNY Mellon already offers digital asset custody services to asset managers in the US, while NASDAQ recently announced plans to launch crypto custody services for Bitcoin and Ethereum. These developments signal growing business opportunities and use cases for custody and digital assets overall.

Ripple is poised to tap into this evolving landscape, working closely with the Metaco team to provide new services to customers and maintain its leadership position in enterprise crypto solutions. As the market for institutional crypto custody continues to expand, Ripple’s acquisition of Metaco positions the company favorably to meet the growing demands of financial institutions and enterprises seeking secure and reliable custody solutions for their digital assets.

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