Ripple and Metaco

Ripple acquires Metaco

17 May 2023

Category

Ripple is a company that build breakthrough solutions - thanks to blockchain technology - for a world without economic borders.

Metaco is a Swiss enterprise technology company that has software and technology solutions able to store, trade and manage any types of digital assets with a high level of security and agility.

On May 17, Ripple gave notice of its acquisition of Metaco which was sold for $250M.

Thanks to the investment, Ripple can continue to expand its business.

"Metaco will dramatically accelerate its growth trajectory through access to Ripple's established base of hundreds of customers, capital to address new demand, and resources to continue delivering on its commitment to banking and institutional clients.”

SOURCE: CoinTelegraph 

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