Citigroup Crypto Custody Partnerships Metaco Collaboration

Bitcoinist
Bitcoinist

30 Jun 2023 6:00 PM

Citigroup (Citi), a prominent banking institution, is currently conducting a review of its partnership with Metaco....

  • Citigroup is reviewing its partnership with Metaco, a cryptocurrency custody firm, following Ripple Labs' acquisition of Metaco for $250 million.
  • Citigroup is exploring alternative options for its custody services and has initiated discussions with other custody providers.
  • The review is not directly linked to Ripple's acquisition of Metaco.
  • Metaco has partnerships with major financial institutions, including BNP Paribas Securities Services, SocGen Forge, and DBS.

The article provides neutral information about Citigroup's review of its partnership with Metaco and the reasons behind it.

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You May Ask

Why is Citigroup reviewing its partnership with Metaco?What alternative options is Citigroup exploring for its custody services?Is the review directly related to Ripple's acquisition of Metaco?Which major financial institutions have partnerships with Metaco?What are the reasons behind the concerns over the volatile nature of cryptocurrencies in the tokenization space?

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