Ripple acquires Metaco for $250 million
Ripple announced on 17 May 2023 that it had acquired Swiss custody and tokenization firm Metaco for $250 million in what was then one of the largest crypto infrastructure deals of the year. Metaco initially continued as an independent unit under founder Adrien Treccani; by mid-2024 Ripple redirected Metaco communications to Ripple Custody and rebranded Harmonize and related apps under the Ripple Custody UI after executive departures.
