This article provides facts on Ripple entering the crypto custody market with the acquisition of Metaco

This article provides details and a good view of Ripple entering the crypto custody market with the acquisition of Metaco, a Swiss-based supplier of digital asset custody. Custody is a critical component of the infrastructure necessary for corporate crypto services, and recent Ripple research indicates that the majority of global finance leaders at financial institutions and corporations want to adopt crypto custody solutions in their operations.

Ripple and Metaco have joined forces.

Ripple and Metaco have a strong crypto DNA, top-tier institutional clients, and a long history of developing safe enterprise-grade solutions in collaboration with regulated bodies. Ripple will extend its enterprise solutions with this purchase, giving customers the ability to custody, issue, and settle any sort of tokenized asset.

The Next Step in Business Crypto Solutions

Ripple's 10-year track record of tackling multi-trillion-dollar pain points with blockchain and cryptocurrencies, as well as solving the most difficult challenges for commercial customers, has allowed the company to grow and flourish. Ripple's product and solution offerings, as well as its worldwide network of partners and clients, continue to develop and adapt, from cross-border payments and CBDCs to liquidity management and tokenization.

What is the Future of Crypto Custody?

Some of the most reputable businesses in the financial world have already begun to dip their toes into the crypto custody pool. BNY Mellon presently provides digital asset custody to asset managers in the United States, and its CEO is bullish on the prospects presented by crypto and blockchain, when combined with regulation, as the next financial frontier. Recently, NASDAQ announced plans to introduce crypto custody services for Bitcoin and Ethereum by the end of the second quarter of 2023, signifying the stock exchange's first move toward a wider digital asset effort.