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.”
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.
