Citibank is reviewing its digital asset custody partnership with Swiss cryptocurrency custody firm Metaco and has begun informal talks with other cryptocurrency custody providers, Bloomberg reported citing people familiar with the matter. Currently, it is unclear whether the review is related to Ripple’s acquisition of Metaco. Foresight News previously reported that on May 17, CoinDesk reported that Ripple spent $250 million to acquire Switzerland-based cryptocurrency custody firm Metaco. The acquisition will allow Ripple to expand its offerings by integrating its technology into the custody, issuance and settlement of tokenized assets. In announcing the deal, Ripple said Metaco will operate as a separate brand and be run by its CEO, Adrien Treccani. On June 22, 2022, according to CoinDesk, Citibank has selected the Swiss cryptocurrency custody company Metaco for digital asset custody. The plan will involve the Citi Securities Services team, which will first focus on tokenized securities. Blockchain technology for movement and settlement. Citi currently holds approximately $27 trillion in custody assets and intends to fully integrate Metaco’s “Harmonize” crypto custody platform.