Odaily Planet Daily News According to Bloomberg, citing people familiar with the matter, Citigroup has reconsidered its partnership with Metaco and has begun negotiations with several other custody providers as Ripple Labs agreed to acquire cryptocurrency custody company Metaco for $250 million. (Bloomberg) Earlier news, cryptocurrency consulting firm Architect Partners said that it is expected that Ripple’s acquisition of Metaco will trigger mergers and acquisitions of crypto custody institutions.