US Ripple acquires Switzerland-based crypto custody company Metaco
US crypto company Ripple acquired Switzerland-based digital asset custody technology provider Metaco for $250 million.
In the statement made by Ripple, it was stated that with the acquisition, the company will expand its corporate solutions that provide technology to store, transfer and exchange all kinds of crypto assets.
It was stated in the statement that Metaco will significantly accelerate its growth through access to Ripple's customer base, capital to meet new demand, and resources that will continue to fulfill its commitment to its banking and corporate customers, and that the purchase price is 250 million dollars.
