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

Metaco, a Swiss cryptocurrency custodian partially owned by Ripple, announced that BCB Group, a UK-based crypto payments company, has brought together the management of its digital asset storage services on their primary platform.

London-based BCB Group has switched from using a third-party tech provider for its digital asset operations to adopting Metaco’s custody coordination system, according to a joint announcement by both firms.

With this step, the payments company can bring together its digital asset custody technology into a unified system for enhanced security and control over their operations.

“BCB’s co-founder and CEO, Oliver Tonkin, stated in a press release that we are working to strengthen new financial systems around the world by linking the crypto industry. Our partnership with Ripple, Metaco, and IBM Cloud is a crucial move in achieving this goal, allowing BCB Group to consistently provide elite services to the digital asset community in a hassle-free, secure, and cost-effective manner.”

In May 2021, Metaco, a Swiss firm focusing on enterprise blockchain and crypto solutions, was acquired by Ripple for $250 million. Yet, as CoinDesk announced in February, its CEO and chief product officer have recently left the company.)

Large crypto institutions such as Bitstamp, Crypto.com, Galaxy Digital (GLXY), Gemini, and Kraken utilize BCB for their payment and trading needs.