{"id":78894,"date":"2023-05-17T16:59:50","date_gmt":"2023-05-17T13:59:50","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=78894"},"modified":"2025-09-11T07:58:42","modified_gmt":"2025-09-11T04:58:42","slug":"ripple-agrees-to-acquire-crypto-custodian-metaco-for-250-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ripple-agrees-to-acquire-crypto-custodian-metaco-for-250-million\/","title":{"rendered":"Ripple agrees to acquire crypto custodian Metaco for $250 million"},"content":{"rendered":"<p>The fintech startup Ripple and Swiss-based crypto custodian Metaco have agreed to acquire the latter in a deal valued at $250 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Today, we are proud to announce Ripple has acquired <a href=\"https:\/\/twitter.com\/metaco_sa?ref_src=twsrc%5Etfw\">@metaco_sa<\/a>, becoming the sole shareholder of the Swiss-based provider of digital asset custody and tokenization technology.<\/p>\n<p>Learn more: <a href=\"https:\/\/t.co\/GrI3u13iDT\">https:\/\/t.co\/GrI3u13iDT<\/a><\/p>\n<p>\u2014 Ripple (@Ripple) <a href=\"https:\/\/twitter.com\/Ripple\/status\/1658807209646604288?ref_src=twsrc%5Etfw\">May 17, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Payment will be made in cash and in the form of equity in the startup.<\/p>\n<p>Metaco will retain its brand, and its founder and CEO, Adrien Treccani, will continue to lead the business.<\/p>\n<p>The deal will allow Ripple to offer clients tools for custody, issuance and settlement of tokenised assets.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;The integration of Metaco has enormous significance for our product suite and expansion of our global presence,&#8221;<\/em> commented Ripple CEO Brad Garlinghouse.<\/p>\n<\/blockquote>\n<p>Founded in Switzerland in 2015, Metaco focuses on serving global custodians, large banks, and financial institutions. Its flagship product Harmonize helps investors manage custody, trading, tokenisation, <a href=\"https:\/\/forklog.com\/en\/news\/what-is-staking-and-how-to-make-money-from-it\"> staking <\/a> and smart contracts in the DeFi ecosystem.<\/p>\n<p>Metaco operates across multiple markets, including Switzerland, Germany, Turkey, France, the United Kingdom, the United States, Singapore, Australia, Hong Kong and the Philippines.<\/p>\n<p>According to Ripple President Monica Long, the company has unique capabilities to work with the growing institutional crypto custody market, which could rise to $10 trillion by 2030.<\/p>\n<p>Earlier in the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span><a href=\"https:\/\/forklog.com\/en\/news\/xrp-climbs-about-7-after-court-rejects-sec-motion-in-ripple-case\"> denied<\/a> the Commission&#8217;s motion to seal documents related to the 2018 testimony by former regulator William Hinman. Garlinghouse called the decision a victory for transparency. The XRP token rose on the verdict.<\/p>\n<p>Earlier, Ripple&#8217;s CEO said the company was considering <a href=\"https:\/\/forklog.com\/en\/news\/brad-garlinghouse-ripple-weighs-possible-purchase-of-ftx-assets\"> the purchase of FTX assets<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The fintech startup Ripple and Swiss-based crypto custodian Metaco have agreed to acquire the latter. The deal is valued at $250 million.<\/p>\n","protected":false},"author":1,"featured_media":78895,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[83,1235,2156,112],"class_list":["post-78894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-business","tag-mergers-and-acquisitions","tag-metaco","tag-ripple"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=78894"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78894\/revisions"}],"predecessor-version":[{"id":78896,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78894\/revisions\/78896"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/78895"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=78894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=78894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=78894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}