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Ripple Enters $10 tn Crypto Custody Market with Metaco
Ripple CTO David Schwartz discussed Ripple’s strategic move into the $10 trillion crypto custody market, including its acquisition of Metaco and partnership with HSBC.
Schwartz emphasized the importance of a robust custody solution for institutional crypto adoption. The acquisition allows Ripple to offer services like XRP Ledger access, tokenization, and seamless payment solutions.
The partnership with HSBC aims to provide cutting-edge digital asset custody services, using technology for custody and offering compliance services to ease the regulatory path for institutions entering the crypto space.
(With inputs from Shikha Singh)
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