Adrien Treccani, Metaco’s founder and CEO, and CPO Peter DeMeo have left the firm. Metaco is yet to announce the employees who will fill in those roles. Speculators believe the Ripple deal may have raised the need for a leadership transition. Ripple acquired the custody firm in May 2023 for $250 million.. Ripple looked forward to ramping up its enterprise offerings while providing the technology for users to custody, issue, and settle any tokenized assets.
Source: Mandy Williams, 2024-02-13; https://cryptopotato.com/metaco-ceo-and-cpo-reportedly-depart-following-ripple-acquisition/