BCB Group Moves Custody of Digital Asset Operations to Metaco's Platform

Metaco, a Swiss crypto custody firm owned by Ripple, said BCB Group, a crypto payments firm, consolidated governance of its digital asset custody operations onto its flagship platform.

London-based BCB Group, having migrated its operations from a third-party digital asset technology provider, is now using Metaco's custody orchestration platform, the companies said in a statement.

The move allows the payments firm to consolidate its custody technology into a single platform to secure and govern its digital asset operations.

"We continue to empower new global financial ecosystems, by connecting the global crypto industry," Oliver Tonkin, BCB's co-founder and CEO, said in the release. "Our collaboration with Ripple, Metaco and IBM Cloud is a paramount step in that direction, as it enables BCB Group to continue delivering superior top tier services to the digital asset ecosystem, in a seamless, secure and affordable way."

Ripple, the enterprise blockchain and crypto products company, acquired Metaco for $250 million in May last year. The Swiss company's CEO and chief product officer recently left the business, as reported in February.

(Source: CoinDesk)