German asset manager DZ Bank collaborated with Swiss technology firm Metaco to add digital asset management into its services.
DZ Bank, Germany’s second-largest bank in terms of asset size, will fully integrate digital currencies into its asset management services in collaboration with the digital asset firm Metaco.
According to the announcement sent to Cointelegraph, DZ Bank selected Metaco's custody platform Harmonize to offer digital currencies to its institutional clients. Nils Christopeit, an executive at DZ Bank, said that the Metaco Harmonize platform suits their requirements in terms of security and scalability.
“With the offering, we can build by using this technology, we trust to create a durable and fast-growing business cooperation as well as an attractive solution for our clients that can also meet the requirements of digital currencies and decentralized financial instruments,” Christopeit added.
Craig Perrin, the chief sales officer at Metaco, also commented on the collaboration. The executive expressed their team's excitement in terms of supporting DZ Bank's institutional offerings. He said that Metaco’s infrastructure is specifically designed to support institutions in adopting digital assets and participating in the digital asset economy. He added:
“We are excited to announce this cooperation as it further establishes Metaco as a market leader in Germany, trusted by some of the country’s largest banks and exchanges.”
Metaco has been actively collaborating with various key players within Germany. On Feb. 9, the digital asset management platform announced a partnership with another German bank called DekaBank to launch a blockchain-based tokenization platform. According to the announcement, the infrastructure is expected to be built in 2023 and may be released in 2024.
Apart from Germany, the digital asset management platform also collaborated with a Turkish automaker and one of the most popular local banks in the Philippines. On Jan. 10, Metaco partnered with Turkish automotive company Togg to help secure Togg’s smart contract-based auto mobility services. On Nov. 2, the firm also helped UnionBank, a bank based in the Philippines, to launch its custody and trading services for Bitcoin
BTC $24,437 and Ether
ETH $1,670.
Source: Cointelegraph.
.
The community has warned others to stay vigilant after reports of phishing websites and scams offering Arbitrum Airdrop tokens. Ethereum layer-2 scaling solution Arbitrum's upcoming "ARB" token Airdr...
ALSO: Shaurya Malwa considers a 24-hour surge in trading volume for BLUR, the token of the NFT marketplace Blur, following an airdrop. Good morning. Here’s what’s happening: Prices: Bitc...
Coinbase says staking product continues to be available. The largest US exchange’s shares fell 14%, the most since July. Coinbase Global Inc.’s shares fell the most in more than six months after r...