Citigroup reviewing partnership with Metaco
Citigroup, a large U.S.-based banking firm, is currently reviewing its partnership with digital asset custodian Metaco. The banking giant is in informal talks with other providers, potentially due to Ripple’s recent acquisition of Metaco. Here are the key points:
– Citigroup is reviewing its partnership with Metaco, a digital asset custodian.
– The banking firm is exploring other providers and engaging in informal talks.
– Ripple’s purchase of Metaco for $250 million may be influencing Citigroup’s decision.
– Citigroup partnered with Metaco in 2023 to explore tokenized security custody on its platform.
– The U.S. Securities Exchange Commission’s lawsuit against Ripple for selling unregistered securities may also be a factor.
Citigroup and Metaco have not provided any comments regarding the review. It remains to be seen how this potential partnership change will affect the digital asset custodian landscape.
Continue reading on Theblock.co
By
By
By
By