Institutional digital asset custody firm METACO is partnering with Cobalt for a SaaS digital asset settlement solution. Cobalt is an FX and digital asset solution provider. Both firms are backed by Standard Chartered, which in December announced its digital asset custody service Zodia. METACO lists Standard Chartered as a user of its SILO platform.
“There remain many frictions for banks and other large trading institutions to enter and scale in crypto markets and we are very excited to partner with Cobalt and enable our clients to leverage their market leading post-trade solutions in fiat and crypto,” said Seamus Donoghue, VP sales & business development at METACO.
“SILO delivers a SaaS custody solution that in combination with Cobalt’s post-trade settlement solutions will deliver the leading institutional infrastructure for custody and trading to our banking and exchange clients.”
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