Ripple announced the acquisition of Swiss-based crypto custody provider Metaco. The deal, worth $250 million, surfaces as Ripple continues to defend against the long-drawn lawsuit from the US Securities and Exchange Commission. Ripple is expected to ramp up its enterprise offerings providing customers the technology to custody, issue, and settle any type of tokenized asset. Metaco will continue to operate as an independent brand and business unit, while its founder and CEO, Adrien Treccani, will lead its operatio.
Source: Chayanika Deka, 2023-05-19; https://cryptopotato.com/ripple-xrp-enters-a-250-million-deal-to-acquire-metaco/