Ripple Subsidiary Receives Digital Asset Initiative Award

Ripple buys cryptocurrency storage provider Metaco

Metaco, the Swiss digital asset storage and tokenization platform recently acquired by Ripple, has announced that it has received a new innovation award. In a tweet today, Metaco announced that it has won the Digital Asset Initiative of the Year at the recently concluded Global Custodian’s Leaders in Custody Asia awards.

It is noteworthy that the award was given for Metaco’s unique institutional services for working with digital assets.

Ripple Subsidiary Receives Digital Asset Initiative Award

The development suggests that Metaco has the necessary technology and expertise to support the institutional adoption of digital assets, which will benefit the Ripple business line.

Metaco’s recognition came just weeks after she was named Best Digital Asset Innovation at the 2023 Global Custody Awards.

Notably, Metaco offers institutional crypto custody and trading services, and some of its clients include BNP Paribas, Citi, and Societe Generale. Despite Ripple’s acquisition of Metaco, the custody firm will remain an independent brand and business unit.

Leave a Reply