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Ripple-Owned Crypto Custody Firm Metaco's CEO and Head of Product Depart
Metaco CEO Adrien Treccani and Chief Product Officer Peter DeMeo have left the crypto custody firm that was acquired by Ripple last year.
The CEO and chief product officer of Metaco, the cryptocurrency custody firm acquired by Ripple in May 2023, have left the company.
A Ripple spokesperson confirmed CEO Adrien Treccani and Chief Product Officer Peter DeMeo were gone and said: "We appreciate the strong and industry-leading custody business that Adrien and his team built, as well as his leadership in integrating the custody team and solution with Ripple following the acquisition last year. Custody remains integral to Ripple's growing business as we continue to provide best-in-class enterprise crypto solutions for our customers around the world."
STORY CONTINUES BELOW
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Before being acquired by Ripple, Metaco had become a favorite partner for European banks looking for assistance with the custody of digital assets. Most recently, Metaco signed up HSBC, although there had been reports that banks were re-evaluating their relationship with Metaco in the wake of the acquisition.
Ian Allison
Ian Allison is a senior reporter at CoinDesk, focused on institutional and enterprise adoption of cryptocurrency and blockchain technology. Prior to that, he covered fintech for the International Business Times in London and Newsweek online. He won the State Street Data and Innovation journalist of the year award in 2017, and was runner up the following year. He also earned CoinDesk an honourable mention in the 2020 SABEW Best in Business awards. His November 2022 FTX scoop, which brought down the exchange and its boss Sam Bankman-Fried, won a Polk award, Loeb award and New York Press Club award. Ian graduated from the University of Edinburgh. He holds ETH.
