Ripple / Metaco 2023
Ripple acquired Metaco on January 1, 2023.
- Target
- Metaco
- Acquirer
- Ripple
- Announced
- January 1, 2023
- Sub-sector
- Crypto / Digital Assets
Transaction overview
- Ripple announced the acquisition of Metaco on January 1, 2023.
- The deal is expected to close pending customary conditions.
Strategic rationale
Combine digital asset custody infrastructure with Ripple's cross-border payments and liquidity management capabilities to serve banks.
Deal terms & multiples
Frequently asked questions
When did Ripple announce the acquisition of Metaco?
Ripple announced the acquisition of Metaco on January 1, 2023.
What sub-sector is Metaco in?
Metaco is tracked in the Crypto / Digital Assets sub-sector.
Sources
- coindesk.com /business/2023/11/27/ripple-edges-closer-to-banks-via-crypto-custody-firm-metaco/