The post Ripple’s Metaco Expands Industry Dominance With New Integration appeared on BitcoinEthereumNews.com.

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Ripple Labs subsidiary and Swiss-based institutional crypto custody service provider Metaco has landed a new partner in Zodia Custody. According to the announcement from Metaco, Zodia Custody has integrated with its network to provide institutions with bank-grade custody solutions riding on its infrastructure. This integration will help Metaco expand its dominance in the institutional crypto custody space. While both firms were known partners before now, this new integration is a wholesome approach, which Metaco says “is designed to further build out networked options for institutional investors, enabling them to gain additional secure, reliable and compliant end-to-end digital asset service capabilities.” (2/5)🌐Part of our commitment to deliver on @ZodiaCustody‘s global ambitions, we provide networked infrastructure that allows the multi-award winning #custodian to sustain its innovation track-record and successfully serve institutional demand, at a global scale — Metaco (@metaco_sa) December 4, 2023 The partnership is a sign that crypto-native firms are repositioning themselves to meet the technical and institutional demand that might be ushered in with the likely approval of a Bitcoin spot Exchange Traded Fund (ETF) product by the United States Securities and Exchange Commission (SEC). Zodia Custody already has the head start in the industry, considering its biggest shareholders include Standard Chartered, SBI Holdings and Northern Trust, all of which will play a central role in the future Bitcoin ETF…

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Filed under: News - @ December 4, 2023 3:14 pm