Metaco, a leading Swiss crypto custody firm under Ripple's ownership, has announced that BCB Group, a prominent player in the crypto payments sector, has opted to centralize the governance of its digital asset custody operations through Metaco's flagship platform.

In a joint statement, both companies revealed that London-based BCB Group has transitioned its operations from a third-party digital asset technology provider to leverage Metaco's robust custody orchestration platform.

This strategic move empowers the payments firm to streamline its custody technology onto a singular platform, enhancing the security and oversight of its digital asset operations.

Oliver Tonkin, co-founder and CEO of BCB, emphasized the significance of this collaboration, stating, "We continue to empower new global financial ecosystems by connecting the global crypto industry. Our collaboration with Ripple, Metaco, and IBM Cloud is a paramount step in that direction, as it enables BCB Group to continue delivering superior top-tier services to the digital asset ecosystem in a seamless, secure, and affordable way."

Ripple's acquisition of Metaco for $250 million in May of the previous year underscores the strategic importance of this partnership. However, it's worth noting that Metaco's CEO and chief product officer recently departed the company, as reported by CoinDesk in February.

BCB Group serves as a key player in the crypto space, offering payments and trading services to some of the industry's most notable institutions, including Bitstamp, Crypto.com, Gemini, and Kraken. This consolidation of custody technology reflects the firm's commitment to maintaining high standards of service and security within the digital asset ecosystem.