TechFlow reported, according to CoinDesk, Ripple has spent $250 million to acquire Metaco, a Switzerland-based cryptocurrency custody firm. This acquisition will enable Ripple to expand its product offerings by integrating Metaco’s technology into custodial services, issuance, and settlement of tokenized assets.
The acquisition was made through a combination of cash and Ripple equity. Metaco will continue to operate as an independent business unit led by its founder and CEO, Adrien Treccani.




