Switzerland-based digital asset custody provider Metaco has announced a key partnership with banking giant HSBC, a move expected to increase support for XRP Ledger (XRPL ) after acquisition . Adrien Treccani, CEO of Metaco, attributes the success of this partnership to the 18-month long negotiations, which are now indirectly promoting the use of XRPL and its native XRP token .
The integration combines Metaco’s digital asset custody solutions with Ripple’s capabilities, providing banks with a vertical stack solution to effectively manage the tokenization and payments native lifecycle. This partnership comes at a time when Ripple is embroiled in a lawsuit with the US Securities and Exchange Commission. However, Metaco remains committed to fostering partnerships with tier-one banks around the world, focusing on improving cross-border payments efficiency.
HSBC’s foray into digital assets through this partnership marks a significant shift in the financial industry towards tokenization, with expectations that banks will increasingly offer a range of Cryptocurrency related services. This is in line with Treccani’s vision of financial freedom and indicates a broader industry pivot towards embracing digital asset offerings.
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