Windsor Drake
Transaction · Crypto / Digital Assets · 2023

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.

Strategic rationale

Combine digital asset custody infrastructure with Ripple's cross-border payments and liquidity management capabilities to serve banks.

Deal terms & multiples

Deal value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
January 1, 2023
Acquirer
Ripple (Strategic)
Sub-sector
Crypto / Digital Assets

Sources

  • coindesk.com /business/2023/11/27/ripple-edges-closer-to-banks-via-crypto-custody-firm-metaco/

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