HSBC Teams Up with Ripple's Metaco for Digital Asset Custody, Fueling Speculation of Wider XRPL Bank Adoption
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Metaco, acquired by Ripple, is working with HSBC to provide digital asset custody technology. This excites XRP supporters who see it as a sign banks will adopt XRPL.
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Metaco CEO says its work with HSBC started 18 months ago, before Ripple acquisition, but its success supports XRPL adoption.
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Combined Ripple and Metaco tech offers banks complete infrastructure and services for payments, asset tokenization, liquidity management.
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Some Metaco banking clients worried about Ripple's SEC dispute, but Metaco has clarified and expects to announce more major bank deals.
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Metaco CEO motivated by providing crypto services to banks, sees tokenization services as stepping stone for eventual crypto offerings.