Ripple’s $250M Power Move: Crypto Giant Snaps Up Swiss Firm Metaco

In a significant development, blockchain-based payment protocol firm Ripple announced on Wednesday the acquisition of Metaco, a Swiss crypto custody provider, for a deal worth $250 million. What Happened: In a statement, Ripple stated the acquisition of Metaco is set to extend Ripple’s capabilities by integrating technology that allows for the custody, issuance and settlement of tokenized assets.