Ripple completed the acquisition of Metaco for $250m.

Ripple, an enterprise blockchain and crypto solutions provider, completed the acquisition of Metaco, a provider of digital asset custody and tokenization technology, for $250m. “Metaco is a proven leader in institutional digital asset custody with an exceptional executive bench and a truly unmatched customer track record. Through the strength of our balance sheet and financial position, Ripple will continue pressing our advantage in the areas critical to crypto infrastructure. Bringing on Metaco is monumental for our growing product suite and expanding global footprint,” Brad Garlinghouse, Ripple CEO.