<p><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDIvYzE0MDg1ZDctZDJjMS00Y2U3LTllNGYtNDJiZmJlY2ZkNzFiLmpwZw==.jpg"></p><p>Ripple purchased blockchain firm Metaco in May 2023 for $250 million as part of efforts to expand its custody services.</p>