{"id":280119,"date":"2024-04-09T14:41:09","date_gmt":"2024-04-09T09:11:09","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=280119"},"modified":"2024-04-09T14:41:09","modified_gmt":"2024-04-09T09:11:09","slug":"ripple-owned-metaco-to-govern-custody-for-crypto-giant-bcb-group-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ripple-owned-metaco-to-govern-custody-for-crypto-giant-bcb-group-crypto-news\/","title":{"rendered":"Ripple-Owned Metaco To Govern Custody For Crypto Giant BCB Group – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

Metaco, the crypto custody firm owned by Ripple<\/a>, on Tuesday said BCB Group has\u00a0moved its digital asset custody operations to Metaco\u2019s flagship custody platform.<\/span><\/p>\n

BCB Group is a leading provider of payments accounts and trading services for the digital asset economy. It serves institutional clients by offering business accounts, cryptocurrency, and foreign exchange market liquidity for some renowned crypto exchanges and firms including Bitstamp, Crypto.com, Gemini, Kraken, Galaxy Digital, and others.<\/span><\/p>\n

<\/p>\n

BCB Group Migrates Digital Asset Custody to Metaco<\/h2>\n

In a press release on April 9, BCB Group<\/a> announced migrating governance of its digital asset custody operations from a third-party digital asset custody provider to Ripple-owned digital custody platform Metaco. The major decision was made to achieve the highest standards of compliance, security, and agility.<\/p>\n

BCB Group has now consolidated its custody technology operations to a single custody platform. This will allow BCB to scale its commercial offerings.<\/p>\n

BCB Group uses IBM Cloud Hyper Protect Crypto Services. With Metaco\u2019s custody platform, the improved infrastructure will offer institutions to deliver optimized performance, improved resource use, and build a tamper-proof, trusted execution environment for digital asset transactions. This ensures end-to-end security via data encryption and isolation of customer environments.<\/p>\n

<\/p>\n

\u201cOur 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,\u201d said BCB Group Co-founder and CEO, Oliver Tonkin.<\/strong><\/p>\n

<\/p>\n

He added the new improved infrastructure will help get the E-Money Institution and Digital Assets Services Provider license from France\u2019s ACPR and the AMF.<\/p>\n

Also Read: Coinbase CLO Calls For Stablecoin Legislation Ahead Crypto Illicit Finance Hearing<\/a><\/strong><\/p>\n

Ripple on the Strategic Development<\/h2>\n

Aaron Sears<\/strong>, SVP of Global Partner and Customer Success at Ripple, said the company is excited to collaborate with BCB Group for its aim to scale digital asset services for clients, while maintaining superior regulatory compliance and security standards.<\/p>\n

<\/p>\n

He added that Metaco\u2019s secure and versatile custody infrastructure helps businesses scale in the digital asset economy while fully complying with existing or yet-to-come regulatory requirements globally.<\/p>\n

Ripple acquired Swiss crypto custody firm Metaco for $250 million last May to expand its reach. Since then a number of financial services providers including Standard Chartered\u2019s Zodia Custody<\/a>.<\/p>\n

Also Read: Experts Predict Bitcoin Price Crash If BTC Repeats This Pattern<\/a><\/strong><\/p>\n

<\/p>\n

\n
\n

\u2713 Share:<\/p>\n

<\/a><\/p>\n

\n <\/p>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n
\n
\n

<\/p>\n

\"\"<\/div>\n
Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n

\n
\n

<\/p>\n

\"\"<\/div>\n
Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p>\n

\n
\n
\n
\n
\n<!–<\/p>\n
<\/div>\n

–><\/p>\n

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry. <\/p>\n<\/p><\/div>\n

\n \"\"\"\" <\/div>\n<\/p><\/div>\n<\/p><\/div>\n
\n

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n Crypto Stories<\/span><\/p>\n

View all<\/a>\n <\/div>\n

\n
\n
\n
\n <\/p>\n
\"5<\/div>\n
5 Important Highlights from the Recent Fed Meeting <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"ChatGPT's<\/div>\n
ChatGPT\u2019s Next Big Upgrade: What You Need to Know <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"5<\/div>\n
5 Reasons behind Mega Bank\u2019s 2024 Ethereum Price Prediction <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Metaco, the crypto custody firm owned by Ripple, on Tuesday said BCB Group has\u00a0moved its digital asset custody operations to Metaco\u2019s flagship custody platform. BCB Group is a leading provider of payments accounts and trading services for the digital asset economy. It serves institutional clients by offering business accounts, cryptocurrency, and foreign exchange market liquidity […]<\/p>\n","protected":false},"author":2,"featured_media":250586,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-280119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/280119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=280119"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/280119\/revisions"}],"predecessor-version":[{"id":280121,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/280119\/revisions\/280121"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/250586"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=280119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=280119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=280119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}