Ripple’s cryptocurrency custody company, Metaco, based in Switzerland, said that BCB Group, a cryptocurrency payments company, has moved its governance of its digital asset custody activities onto its flagship platform.
The firms released a statement announcing that BCB Group, a London-based company, had switched from a third-party digital asset technology provider to Metaco’s custody orchestration platform.
Due to this move, the payments company can now safeguard and manage its digital asset operations from a single platform that combines all of its custody technology.
“By linking the global crypto industry, we continue to empower new global financial ecosystems,” stated Oliver Tonkin, co-founder and CEO of BCB, in the press release. “Our partnership with IBM Cloud, Ripple, and Metaco is a critical step in that direction, as it allows BCB Group to continue providing excellent top tier services to the digital asset ecosystem in a seamless, safe, and cost-effective manner.”
For $250 million in May of last year, commercial blockchain and cryptocurrency technologies provider Ripple purchased Metaco. According to reports from February, the CEO and chief product officer of the Swiss company recently departed the company.
Bitstamp, Crypto.com, Gemini, and Kraken are a few of the biggest cryptocurrency companies in the world, and BCB offers trading and payment services to them.