Ripple, the San Francisco-based blockchain company, recently aware a new job vacancy at Metaco, a company that it acquired for $250 million in May of last year.
Ripple, the San Francisco-based blockchain company, recently aware a new job vacancy at Metaco, a company that it acquired for $250 million in May of last year.
The job posting, seeking an experienced enablement engineer in New York, showcases Ripple’s commitment to developing world-class custody infrastructure designed for Tier 1 institutions.
Expanding custody solutions for institutional investors
Metaco, now under the wing of Ripple, is a pioneer in creating security-critical infrastructure that allows financial institutions to venture into the digital asset ecosystem with confidence.
With a client list that includes heavyweights such as Citi, BNP Paribas and the digital assets arm of Societe Generale, Metaco’s mission is to deliver robust, scalable and integrated solutions.
The new role focuses on onboarding clients to the Harmonize platform, ensuring they can leverage Metaco products and services effectively.
This move is indicative of Ripple’s broader strategy to address growing demand from institutional investors for reliable cryptocurrency custody services.
A strategic acquisition
Ripple’s acquisition of Metaco not only signifies its expansion into the custody space, but also represents a strategic move to navigate the complex regulatory landscape of the cryptocurrency market.
By integrating Metaco’s technology and expertise, Ripple aims to offer its clients a secure and compliant way to manage digital assets. This is particularly crucial in light of the increasing scrutiny by US regulators on crypto companies.
Last year, Ripple CEO Brad Garlinghouse emphasized the importance of focusing on infrastructure to mitigate the volatility associated with cryptocurrencies. He outlined the company’s long-term vision that prioritizes stability and compliance over rapid market fluctuations.
