The widespread adoption of Web3 initiatives and digital assets heavily relies on the presence of trustworthy crypto custody firms such as Ripple Labs’ Metaco. Additionally, the tokenization of real-world assets (RWA) has seen rapid expansion in the past year, spearheaded by major entities like BlackRock Inc (NYSE: BLK).

As previously covered by Coinspeaker, the cryptocurrency industry is poised to receive increased funding following a resurgence in investor confidence over recent months.

BCB Group Partners with Ripple’s Metaco

BCB Group, a prominent crypto-focused payment service provider headquartered in the United Kingdom, has revealed a strategic collaboration with Ripple Labs’ Metaco, a Swiss-based company assisting enterprises in building secure digital asset operations. According to the announcement, BCB Group has successfully transitioned its operations from a third-party custody provider to Metaco’s flagship custody platform, consolidating governance of its digital asset custody operations.

Oliver Tonkin, Co-founder and CEO of BCB Group, emphasized that the partnership with Ripple’s Metaco and IBM Cloud will significantly bolster its operations. BCB Group has established partnerships with leading crypto-related firms such as Bitstamp, Crypto.com, Gemini, and Kraken, among others.

“Our collaboration with Ripple, Metaco, and IBM Cloud is a critical step in that direction, enabling BCB Group to continue delivering superior services to the digital asset ecosystem seamlessly, securely, and affordably. This aligns perfectly with our pending authorization by the ACPR and the AMF to operate as an E-Money Institution and Digital Assets Services Provider in France, allowing us to expand our institutional product offering within the EEA,” Tonkin remarked.

According to Aaron Sears, Senior Vice President of Global Partner and Customer Success at Ripple, the partnership with BCB Group will facilitate the seamless scaling of digital asset services within a regulatory compliant framework.

“... A secure and flexible custody infrastructure is fundamental to scaling business models in the digital asset economy while ensuring timely compliance with existing or forthcoming regulatory requirements worldwide,” Sears commented.

Market Outlook

The ongoing adoption of Ripple Labs’ solutions by global institutional investors significantly boosts XRP liquidity and future growth prospects. Moreover, the sustained adoption of Metaco contributes valuable revenue to Ripple, which acquired the firm for $250 million last year. Additionally, Ripple Labs has enhanced its product portfolio to attract more financial institutions, including On-Demand Liquidity (ODL), the recently introduced fiat-backed stablecoin, and the Automated Market Maker (AMM).

Meanwhile, XRP's price has risen approximately 5 percent over the past seven days, trading at around 61 cents on Tuesday. With a fully diluted valuation (FDV) of approximately $61 billion, the large-cap altcoin is poised for a potential historic bull run. According to most analysts, XRP's price is anticipated to surge once the ongoing SEC vs. Ripple case concludes in favor of Ripple.