Swiss-founded digital asset security firm Metaco announced a partnership with IHS Markit for post trade solutions. Metaco was originally known for its digital asset custody solution but has since expanded its offering to include a multi-provider orchestration system, Metaco Harmonize. By integrating Harmonize with IHS Markit’s Securities Processing platform, the aim is to provide a multi-asset post-trade platform for financial institutions.
Union Bank of Philippines recently announced it had adopted the Metaco Harmonize solution. The digital asset startup is backed by Standard Chartered, amongst other high profile firms. It boasts multiple banks as clients, including BBVA, DBS Bank and Northern Trust, which has a digital asset custody joint venture with StanChart, Zodia.
Metaco Harmonize is an umbrella product that includes a custody solution that allows for sub-custodians, and trading cryptocurrencies, digital assets and DeFi. It also incorporates the ability to issue and manage tokens. The key is supporting multiple liquidity providers, self-custody providers and custodians.
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