Ripple buys crypto custody firm Metaco for $250 million
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Summary:U.S. crypto firm Ripple has bought Switzerland-based crypto custody firm Metaco for $250 million, in its first major acquisition, Ripple said on Wednesday. Metaco makes technology which allows financial institutions to store and manage digital assets. Its clients include Citi, BNP Paribas, and Societe Generale's digital asset arm.

U.S. crypto firm Ripple has bought Switzerland-based crypto custody firm Metaco for $250 million, in its first major acquisition, Ripple said on Wednesday. Metaco makes technology which allows financial institutions to store and manage digital assets. Its clients include Citi, BNP Paribas, and Societe Generale's digital asset arm.

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