The CEO and chief product officer of Metaco, the cryptocurrency custodian that Ripple acquired in May 2023, has left the company.
A Ripple spokesperson confirmed that CEO Adrien Treccani and Chief Product Officer Peter DeMeo had departed and said: “We appreciate the strong, industry-leading custodial business that Adrien and his team have built, as well as his leadership in integrating the custodial and solutions team with Ripple.” “Following last year's acquisition. Custody remains an integral part of Ripple's growing business as we continue to deliver best-in-class enterprise crypto solutions to our clients around the world.”
Before it was Acquired by RippleMetaco has become the partner of choice for European banks looking for assistance in custody of digital assets. More recently, Metaco has signed up with HSBC, although there have been reports of banks doing so Reevaluate their relationship with Metaco Following the acquisition.
