Ripple Targets Potential $10 Trillion Market With Metaco Acquisition

Ripplethe provider of blockchain and crypto solutions for businesses, has agreed to buy Metaco, a Swiss-based provider of digital asset storage and tokenization technology. Diversification into custody solutions is a milestone in Ripple’s business and product strategy, and provides new revenue opportunities for the company.

Ripple and Metaco share strong crypto DNA, top-tier institutional customers and a long history of working with regulated entities to create enterprise-class secure solutions. With this acquisition, Ripple will expand its enterprise offerings. It will provide customers with the technology to manage, issue and settle all types of tokenized assets.

Metaco will dramatically accelerate its growth trajectory through access to Ripple’s established base of hundreds of customers, capital to meet new demand and resources. By doing so, it will continue to deliver on its commitment to banking and institutional customers.

“Metaco is a proven leader in institutional custody of digital assets. It has an exceptional executive bench and a truly unmatched customer track record,” said Brad Garlinghouse, CEO of Ripple. “Through the strength of our balance sheet and financial position, Ripple will continue to push our advantage in the areas critical to crypto infrastructure. Bringing on Metaco is monumental for our growing product suite and expanding global footprint.”

Ripple has earned its reputation primarily through its flagship payment products. Products that helped address multi-trillion dollar pain points in cross-border payments using blockchain and cryptocurrency.

Fast scaling

Building blockchain-enabled payment infrastructure from the ground up is a major challenge for organizations. Therefore, the company focused on this, before expanding its product offering to address new use cases such as liquidity management and tokenization, including central bank digital currencies (CBDC). Ripple serves hundreds of customers in over 55 countries and six continents with payout options in over 70 markets.

Metaco offers a secure and versatile custody infrastructure for institutions to scale new business models in the crypto economy. Its primary offering, Harmonize, is the institutional standard for digital asset storage and tokenization infrastructure.

Metaco currently offers its technology solutions across various jurisdictions, including but not limited to:

• Switzerland
• Germany
• Turkey
• France
• Great Britain
• United States
• Singapore
• Australia
• Hong Kong
• The Philippines

Take advantage of a $10 trillion market

“As the go-to provider for traditional financial companies looking to integrate crypto and blockchain solutions, Ripple is uniquely positioned to address the growing institutional crypto custody market. A market expected to reach nearly $10 trillion by 2030,” said Monica Longpresident of Ripple.

“Storage is a key facet of the infrastructure required for enterprise crypto services. Adding these capabilities to Ripple’s already growing product solutions means we can continue to support customers as they look to apply crypto and blockchain for real-world use cases across all phases of adoption.”

Adrien Treccanifounder and CEO of Metaco said: “Our mission has always been to enable institutions to thrive in the digital asset economy using our core infrastructure and expertise. We are excited to join forces with the team at Ripple, who share that passion.

“This agreement will enable Metaco to leverage Ripple’s scale and market strength to achieve our goals and deliver value to our customers at a faster pace. We look forward to continuing to serve unprecedented levels of institutional demand with the utmost excellence in delivery , as our customers have come to expect.”

Ripple becomes the sole shareholder in Metaco. Metaco will continue to operate as an independent brand and business unit led by founder and CEO Adrien Treccani.