Crypto solutions provider Ripple acquires Swiss digital asset custody provider Metaco for €230.9M
Summary
US-based Ripple, a company that claims to be the leader in enterprise blockchain and crypto solutions, announced on Wednesday, May 17, that it has acquired Switzerland-based Metaco, a provider of digital asset custody and tokenisation technology, for $250M (approximately €230.94M). According to Ripple, this is a significant step in its business and product strategy as diversifying into custody solutions will provide the company with additional revenue opportunities.
Funding
Amount
-
Total raised
Date
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Announcement date
Investors
Ripple
Lead investors
Company
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Funded company
Classifications
industries
Fintech & Banking
applications
Business Intelligence
AskAI Classifications
Labels
SaaS
FinTech Software
Blockchain Infrastructure
Linked Companies
Ripple
$50M to $100M