Cryptocurrency company Ripple (XRP) has announced that it has acquired Switzerland-based Metaco, a provider of institutional crypto services, in a deal worth $250 million.
ripple, institutional providing services in this field with the aim of expanding crypto money services. Metaco 250 million dollars he bought. Thanks to the deal with Ripple, Metaco sole and controlling shareholder earned his position. In the announcement made by the company, customers are offered tokenized assets. storage, issuance and miscellaneous payment in presenting the tools will start serving expressed.
According to a company spokesperson 250 million dollar payment, cash and Ripple’s equity funded by a combination Also under the agreement, Metaco CEO and founder Adrien Treccani to be managed continue it will.
Ripple CEO, who made remarkable statements on the subject Brad Garlinghouseof this purchase global business and large customer bases stressed the importance of:
Metaco is a proven leader in enterprise digital asset custody, with an outstanding executive staff and a truly unique client history. Acquiring Metaco is a tremendous step forward for our growing product suite and expanding global footprint.
Senior executive at Ripple Monica LongCEO Garlinghouse supports in the statements While Ripple’s 2030 to the year up to approx. 10 trillion dollars to address the institutional cryptocurrency market that is expected to reach has a unique location stressed that.
Metaco operates in the field of cryptocurrencies and blockchain technologies. banks, financial organizations And presence management companies like to corporate customers provides support in these matters. One of the main products Metaco offers “SILO” It is a digital asset management platform named after Metaco also blockchain based financial services provides infrastructure for
Today Ripple and US Securities and Exchange Commission (SEC) of Ripple in favor significant progress has been made and XRP at the price increase had been seen.
According to CoinGecko data, in the last 24 hours 5.9% rise living XRP, at the time of writing from $0.44 is being traded.