Blockchain firm Ripple has agreed to buy Swiss-based crypto custody provider Metaco in a cash-and-stock deal valued at $250 million.
The deal allows Ripple, which markets itself as a payments-focused crypto company, to expand into the institutional sector. crypto custody market.
Lausanne, Switzerland-based Metaco employs about 100 people and counts traditional banks, including Citi and BNP Paribas, as clients on its website.
