Today Metaco announced that the Union Bank of the Philippines will use its Metaco Harmonize digital asset suite. The deal involves the bank using IBM Cloud Hyper Protect Crypto Services, which enables banks to control keys using highly secure hardware. Last year Metaco partnered with IBM to incorporate the solution into its offerings.
Metaco is best known as a digital asset custody firm and counts Standard Chartered as an early investor. Banks using its services include BBVA, DBS and Gazprombank.
In terms of the Metaco Harmonize solution, it’s an umbrella product that integrates several other Metaco offerings. These include a custody solution that allows for sub-custodians, trading of cryptocurrencies, digital assets and DeFi, and the ability to issue and manage tokens.
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