Ripple’s Metaco Allies with Digital Asset Custodian Zodia for Third Generation Crypto Solution
Industry watchers see the development advancing not only Ripples XRP token but also benefiting the wider crypto sector by adopting trusted financial industry models for security and cooperation. In a move viewed as transformational for cross-border cryptocurrency storage and transfers, blockchain company Ripple‘s Metaco custody network has partnered with digital asset custodial provider Zodia Custody. The collaboration marks what Zodia CEO Julian Sawyer regards as ’third generation custody. The partnership tries to form a regulatory complaint and seamless digital service that also has traditional finance standards. Industry watchers see the development advancing not only Ripples XRP token but also benefiting the wider crypto sector by adopting trusted financial industry models for security and cooperation. Together, UK-based Zodia and Swiss firm Metaco want to deliver robust, regulated solutions for institutional participation under Ripples guidance. In commenting on this and illustrating how this cooperation will work, Sawyer said: “I think of this as the third generation of crypto custody, where multiple custodians are linked together. For example, a client in Brazil, who is a custodian, may want to store some assets in the UK, and theyre not currently in the UK. So they could use us as their sub-custodian and use our regulatory permissions, etc.