$115,189.00
-2.92%$3,660.28
-5.40%$2.96
-5.92%$775.04
-3.57%$169.17
-6.57%$0.999783
-0.00%$3,657.58
-5.52%$0.205593
-8.04%$0.325562
0.09%$0.726673
-7.02%$115,142.00
-2.94%$4,427.41
-5.14%$39.77
-8.30%$0.39254
-7.35%$3.54
-9.19%$3,935.13
-5.48%$16.64
-7.75%$564.86
-2.93%$0.247492
-9.16%$3,926.22
-5.49%$21.98
-8.18%$1.001
-0.04%$3.44
-1.08%$3,664.91
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0.14%$105.30
-5.13%$0.99955
-0.01%$0.00001225
-6.31%$0.999658
-0.03%$115,245.00
-2.89%$43.09
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-2.04%$3.66
-6.08%$9.24
-9.35%$1.18
0.02%$4.37
-2.75%$0.13855
-6.13%$0.0000106
-8.23%$258.12
-7.47%$0.579213
-12.11%$350.19
-7.94%$0.405913
-3.18%$20.19
-7.28%$2.49
-8.25%$4.30
-6.66%$0.901813
-8.09%$46.94
-1.72%$5.15
-6.91%$206.94
-6.27%$0.738041
-4.46%$1.00
0.00%$0.086419
-8.83%$3,658.43
-5.42%$0.999093
-0.00%$0.03382174
-10.83%$0.241273
-8.44%$16.83
-3.75%$0.388895
-9.45%$0.00002579
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-0.20%$0.02279373
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-8.87%$1.061
0.01%$0.980757
-9.40%$8.84
-6.26%$179.50
-7.10%$0.082274
-4.83%$5.92
-3.74%$4,167.59
-5.18%$0.657829
-6.39%$0.288017
-10.08%$114.34
-6.51%$3,842.78
-5.45%$4.94
-2.37%$2.36
-7.33%$0.02296945
-7.56%$115,184.00
-2.54%$0.097531
-1.50%$1.64
-15.71%$0.477315
-10.26%$1.00
0.07%$11.25
-1.74%$3,852.33
-5.50%$1.001
0.07%$3,960.04
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-12.21%$0.701111
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0.01%$3,859.56
-5.44%$0.999227
-0.02%$0.65706
-9.54%$114,929.00
-2.77%$0.210337
-1.63%$0.000108
-6.66%$775.57
-3.47%$0.99922
-0.06%$191.16
-6.17%$0.998751
-0.07%$0.376855
4.24%$0.30259
-9.16%$0.971724
-9.26%$0.093012
-8.76%$0.510155
-10.19%$3,298.62
-0.27%$2.68
-6.09%$115,275.00
-2.97%$0.00258882
-16.78%$0.898779
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0.22%$1.11
-0.04%$222.33
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-8.76%$0.937859
-10.17%$3,294.88
-0.30%$0.767788
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-4.88%$0.184735
-9.91%$2.71
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0.01%$0.01529307
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0.04%$3,657.70
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-8.24%$0.00000067
-5.72%$115,059.00
-3.07%$3.93
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11.84%$1.001
0.14%$1.68
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-0.58%$0.365551
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0.01%$3,903.62
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-0.00%$115,005.00
-1.84%$114,551.00
-3.46%$1.70
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-8.07%$0.073831
-3.68%$26.41
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0.13%$0.485367
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0.01%$0.560026
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0.01%$0.00002048
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0.00%$4.65
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-19.22%$0.999796
-0.00%$0.00000092
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1.09%$4,125.81
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0.08%$0.306049
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-6.12%$0.201576
-8.94%Reading
Ripple has acquired Swiss digital asset custody company Metaco.
A deal worth $250 million will see Ripple become the sole shareholder of Metaco which will continue operations as an independent brand.
Metaco offers tokenization tools and custody infrastructure for institutions to scale new business models in the crypto economy. They have already provided their services to the likes of Citi, Union Bank, and Bank BNP Paribas.
From Decrypt's Learn section, U.S. Managing Editor Guillermo Jimenez explains tokenization, the tech behind creating a blockchain-based token, and the movement to "tokenize all the things."
The move also means Ripple will be expanding its institutional offerings, providing customers with the technology to custody, issue, and settle any type of tokenized asset—with similar offerings for regular Ripple customers.
For its part, Metaco expects to see its growth accelerate in response to Ripple's established base of customers and resources.
"We have a very strong balance sheet and we have been actively meeting and evaluating crypto custodians for some time," she said. "With Metaco also sharing Ripple’s proactive approach to working with the current financial system and global policymakers, we knew that this was the right decision at the right time."
Despite the enduring crypto winter, Ripple remains focused on a long-term strategy to make "smart-bets" in the market's current state, said Shah.
"According to current trends, crypto assets under custody are expected to reach, if not surpass, $10 trillion by 2030, a majority of which will be driven by institutional adoption," Ripple’s head of custody Sagar Shah told Decrypt via email. "It felt like a natural progression for Ripple to provide customers with the ability to custody, issue, and settle any tokenized asset while giving us a new revenue stream as well as the ability to grow in lock-step with the industry."
The Ripple exec isn’t alone in praising the rise of tokenization.
Last December, the CEO of investment powerhouse Blackrock said the “next generation of markets” is going to revolve around the tokenization of different securities.
Citi bank’s future of finance lead Ronit Ghose echoed these sentiments, calling tokenization blockchain’s “killer use case” and that the technology could “grow by a factor of 80x in private markets and reach up to almost $4 trillion in value by 2030.”
Formula 1 has renewed its partnership with exchange platform Crypto.com, extending the agreement through 2030 as both entities seek to capitalize on their shared momentum. The renewed partnership will see Crypto.com continue to feature prominently at key Formula 1 events, including the Miami Grand Prix, where it has been the title sponsor since the race’s inception in 2022. The deal, first inked in 2021, marked Formula 1’s foray into the crypto world at a time when digital assets were experienc...
Mo Shaikh, a co-creator of the Aptos blockchain and co-founder and CEO of the Aptos Labs firm that helps support it, announced Thursday that he's leaving the company to focus on a "new chapter." "Today, I am stepping away from Aptos Labs to start a new chapter," Shaikh wrote on X. "One of my true passions lies in building companies from the ground up, and we have done that at Aptos Labs by building a world-class team." "I leave Aptos Labs with the utmost confidence in the team," he continued, "a...
Building on the momentum of anticipated changes to U.S. crypto policy, Binance.US said it aims to restore its USD services in early 2025, according to a statement shared with Decrypt. It marks the exchange's first major operational shift as regulatory pressure forced the exchange to suspend fiat trading last year. The platform has operated under restricted banking access since June 2023, when SEC civil claims triggered a suspension of dollar deposits and withdrawals. "While I can't provide a de...
