Cryptocurrency

Ripple buys crypto custody firm Metaco for $250m

Ripple says bank-focused deal will 'dramatically accelerate growth trajectory'

Ripple boss Brad Garlinghouse is adding a firm that works with Citi and BNP Paribas to his arsenal
Ripple boss Brad Garlinghouse is adding a firm that works with Citi and BNP Paribas to his arsenal Photo: Stephen McCarthy/Getty Images

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Ripple has bought Metaco, the Swiss crypto custody firm that counts Citi, BNP Paribas and Standard Chartered-backed Zodia Custody among its clients, in a $250m deal.

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