Ripple (XRP) concludes a $ 250 million deal to take over Metaco

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Ripple kündigte die Übernahme des in der Schweiz ansässigen Krypto-Verwahrungsanbieters Metaco an und markierte damit die Expansion des Blockchain-Unternehmens auf dem wachsenden Markt für institutionelle Krypto-Verwahrung. Der Deal im Wert von 250 Millionen US-Dollar taucht auf Ripple verteidigt sich weiterhin gegen die langwierige Klage der US-Börsenaufsichtsbehörde Securities and Exchange Commission. Ripple Erwirbt Metaco Ripple Es wird erwartet, dass es sein Unternehmensangebot erweitert und Kunden die Technologie zur Verwahrung, Ausgabe und Abwicklung jeglicher Art von tokenisierten Vermögenswerten bietet. Im Mittelpunkt der Vereinbarung steht das Ziel der beiden Unternehmen, den wachsenden Markt für institutionelle Kryptoverwahrung zu erschließen, der bis 2030 voraussichtlich 10 …
Ripple announced the takeover of the crypto attitude provider Metaco based in Switzerland and thus marked the expansion of the blockchain company on the growing market for institutional crypto custody. The deal worth $ 250 million continues to defend itself on Ripple against the lengthy lawsuit by the US stock exchange supervisory authority Securities and Exchange Commission. Ripple acquires Metaco Ripple. The focus of the agreement is on the aim of the two companies to open up the growing market for institutional crypto custody, which is expected to be 10 ... (Symbolbild/KNAT)

Ripple announced the takeover of the crypto-attorney in Switzerland Metaco and thus marked the expansion of the blockchain company on the growing market for institutional crypto custody.

The deal worth $ 250 million is still defending itself on Ripple against the lengthy lawsuit of the US stock exchange supervisory authority Securities and Exchange Commission.

ripple acquires Metaco

ripple It is expected to expand its company offer and offer customers the technology for custody, output and handling of any kind of tokenized assets. The focus of the agreement is on the aim of the two companies to open up the growing market for institutional crypto custody, which is expected to achieve $ 10 trillion by 2030.

METACO, on the other hand, will be able to use the established basis of hundreds of customers and the capital of the company based in San Francisco to meet new requirements and resources for its banking and institutional customers.

According to the official press release, Metaco will continue to act as an independent brand and business unit, while your founder and CEO, Adrien Treccani, will lead shops.

commenting on development, Ripple CEO Brad Garlinghouse said:

"Metaco is a proven market leader in the field of institutional custody of digital assets with an extraordinary management team and a really unsurpassed customer record. The strength of our balance sheet and financial situation, Ripple we will continue to expand our lead in the areas that are of crucial importance for the crypto infrastructure. growing global presence of enormous importance. ”

also reports of this interpreted Ripple's $ 250 million in cash from their own balance sheet to finance the takeover, despite difficult market conditions due to higher interest rates and stricter financing conditions, mass layoffs and falling corporate reviews.

In a call at CNBC, Garlinghouse said that the deal would help ripple expand its presence abroad at a time when the Sec strict measures take against important actors in the digital-asset industry.

ripple vs. sec: Another breakthrough

The contested lawsuit from Ripple has been going on for years. However, in a significant development, a federal judge decided that the SEC documents in connection with the speech by the former official William Hinman may not seal about crypto and securities from 2018.

The documents in question are designs and emails from which it indicate that the authority did not consider ether ether at that time. The representative lawyers Ripple I fought to learn more about how Hinman came to the conclusion that an assertion could have an impact on XRP's own classification.

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