German asset manager DZ Bank in partnership with the digital asset company Metaco will completely incorporate digital asset management into its list of services.
DZ Bank chose Metaco’s custody platform Harmonize to provide digital currencies to its institutional customers, according to the release made to Cointelegraph.
An official at DZ Bank named Nils Christopeit said that the Metaco Harmonize platform meets their needs in terms of security and scalability.
Christopeit said, “With the offering, we can construct utilizing this technology, we trust to establish a lasting and quickly expanding business partnership as well as an appealing solution for our customers that can also fit the criteria of digital currencies and decentralized financial instruments.”
Chief Sales Officer at Metaco Craig Perrin also offered his thoughts on the partnership. The executive shared the enthusiasm of their staff for assisting DZ Bank’s institutional solutions.
He said that Metaco’s infrastructure was created with institutions adopting digital assets and participating in the digital asset market explicitly in mind. Added him:
“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.”
In Germany, Metaco has been actively engaging with a number of significant businesses. The creation of a blockchain-based tokenization platform was announced by the digital asset management platform and another German bank named DekaBank on February 9.
The infrastructure may be made available in 2024, according to the statement, and construction is anticipated to begin in 2023.
In addition to Germany, the digital asset management platform worked with a Turkish manufacturer and one of the Philippines’ most well-known local banks.
Togg, a Turkish automaker, and Metaco teamed together on January 10 to protect Togg’s smart contract-based vehicle mobility services. The company also assisted UnionBank, a Philippine-based bank, with the debut of its custody and trading services for Bitcoin and Ether on November 2.
