The XRP community is buzzing with excitement over the recent collaboration between Swiss digital assets custody firm Metaco and banking giant HSBC. Metaco, which was acquired by Ripple earlier this year, has been making strategic partnerships to expand its reach outside the U.S. and offer a wider range of crypto products and services. HSBC’s decision to choose Metaco as its custody tech partner is seen as a significant move as the bank explores the potential of blockchain technology and tokenization. While some believe this collaboration is a result of the Ripple acquisition, Metaco’s CEO has revealed that talks with HSBC have been ongoing for 18 months. This development is seen as a win for Ripple and the XRP Ledger. Ripple has been actively targeting banks to promote its financial infrastructure and the use of XRP for cross-border payments. XRP has gained traction among global banks and accounts for a significant portion of the banking sector’s cryptocurrency engagements. As Ripple and XRP continue to gain recognition and adoption, the demand for the token is expected to rise. Currently ranked 5th by market cap, XRP is trading at $0.601638.