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Switzerland-based digital asset custody service provider Metaco has announced a major partnership with banking giant HSBC (LON:), a move that is expected to boost support for the XRP Ledger (XRPL) in the wake of the acquisition of . Metaco CEO Adrien Treccani attributes the success of this collaboration to persistent negotiations spanning 18 months, which now indirectly favor the use of XRPL and its native token XRP.
The integration combines Metaco’s digital asset custody solutions with Ripple’s capabilities, providing banks with a vertical solution to efficiently manage tokenization lifecycles and payment primitives. This partnership comes at a time when Ripple is embroiled in a lawsuit with the United States Securities and Exchange Commission. However, Metaco remains committed to advancing its partnerships with leading banks around the world, focusing on improving the efficiency of cross-border payments.
HSBC’s foray into digital assets through this partnership marks a significant shift in the financial sector towards tokenization, and banks are increasingly expected to offer a wide range of services related to cryptocurrencies. This aligns with Treccani’s vision of financial freedom and indicates a broader industry pivot toward the adoption of digital asset services.
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