Feb 12 (Reuters) – Crypto custody firm Metaco’s CEO
Adrien Treccani has left the company, a Ripple Labs spokesperson
told Reuters on Monday.
Cryptocurrency company Ripple bought Switzerland-based
Metaco for $250 million in May last year, in its first major
acquisition.
Investor interest in the crypto sector has gained momentum
after the U.S. Securities and Exchange Commission approved 11
spot bitcoin ETFs, following a decade-long tussle with the
digital asset industry.
Privately owned Ripple earlier this month was valued at
$11.30 billion, after it bought back its shares worth $285
million from its early investors and employees, Reuters reported
citing sources.
(Reporting by Arasu Kannagi Basil and Jaiveer Singh Shekhawat
in Bengaluru; Editing by Vijay Kishore)
