Posted 2/11/2024, 7:06:00 PM
Ripple Loses Key Executives After Acquiring Crypto Custody Firm Metaco
- CEO and Chief Product Officer of Metaco, a crypto custody firm acquired by Ripple, have left the company
- Ripple spokesperson confirmed the departures and thanked the executives for building Metaco's custody business
- Metaco was acquired by Ripple in May 2023 and was focused on crypto custody solutions for banks
- Before acquisition, Metaco had become a favored crypto custody partner for European banks
- There were reports banks were re-evaluating relationships with Metaco after Ripple acquisition