05/28/2023 12:03:53 ET
Blockchain payments company Ripple Labs acquired Metaco in what appears to be among the most publicized acquisitions in the crypto world of 2023. Metaco is a Switzerland-based asset custodian focused on trading and decentralized finance.
The acquisition was crucial as it could help Ripple Labs solidify its presence in the EU. The company reportedly paid $250 million to complete the deal.
Why would Nasdaq do this? Nasdaq plans to launch crypto custody by mid-year or in the third quarter. Metaco offers custody solutions. Ripple will go public after the SEC case is closed. Connect the dots ¿¿ pic.twitter.com/uHLnBtWmbr
— Rene David (@Jedi421) May 28, 2023
Meanwhile, the latest updates show that a reputable brokerage firm (NASDAQ) has valued the company — a move that left the markets looking for more than meets the eye. Ripple remains a private entity. NASDAQ Global, a major hub for publicly traded companies, recognized the acquisition deal, prompting further speculation.
Remember, Ripple Labs is a fintech company using blockchain to transform the payments sector. On the other hand, NASDAQ has a close association with technology-based companies.
Ripple Labs has planned in recent years to make themselves known through an initial public offering. Could the company be included in Invezz.com’s list of companies expected to go public this year? The ongoing legal battle between the company and the Securities and Exchange Commission has recently shrouded everything related to this plan.
However, the latest developments show that Ripple can defeat securities regulators. Recognition of Ripple’s latest deals could be a cue for Ripple to consider NASDAQ whenever the company finally goes public.
SEC lawsuit crucial for Ripple’s IPO
Ripple’s plan to go public is not an unthinkable idea. Some leading companies in the crypto space, including Coinbase, have successfully traded on the NASDAQ after their IPO. Still, Ripple Labs must win the SEC’s battle to go public in the US.
Listing is lucrative for any company as it signals growth and attracts more investors when the company achieves “clear” regulatory status. Meanwhile, the latest updates from Invezz.com suggest that the battle between Ripple and SEC is about to end.
The post that the NASDAQ revaluation of the Ripple-Metaco acquisition sparks speculation about an IPO appeared first on Invezz.
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