Ripple purchased blockchain firm Metaco in May 2023 for $250 million as part of efforts to expand its custody services.

Adrien Treccani, the CEO of Ripple Labs-owned blockchain custody firm Metaco, has left the company after more than eight years.

According to a Feb. 12 Reuters report, Trecanni was no longer the CEO of Metaco, a company he founded in 2015 in Switzerland. Trecanni’s LinkedIn page at the time of publication showed he left the firm in 2023. Ripple acquired Metaco in May 2023 for $250 million, aiming to expand its services for custody, issuance and settlement of tokenized assets.

“We appreciate the strong and industry-leading custody business that Adrien and his team built, as well as his leadership in integrating the custody team and solution with Ripple following the acquisition last year,” a Ripple spokesperson told Cointelegraph. 

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