DZ Bank,
one of the largest German banks in terms of held assets, has announced its
newest partnership with Metaco, a digital assets technology provider , widening
its current asset management and custody services with digital currencies.
According
to Thursday’s press release sent to Finance Magnates, the German lender
selected Harmonize custody platform by Metaco to offer its institutional clients
accesses to cryptocurrencies. The decision to cooperate with the Swiss-based
company was made after extensive diligence and a proof-of-concept process.
Metaco’s
agnostic model allows for diverse deployment approaches and incorporates a
hardware-based key management infrastructure, ensuring the security of various
digital assets, such as tokenized securities like bonds and equities.
Additionally, Harmonize provides a flexible governance framework that enables
the customization of risk and compliance controls, while fully segregating
multiple business units and clients to ensure policy, user, account, and asset
isolation.
Nils
Christopeit, the Lead Solution Design Digital Custody at DZ Bank, said the
Harmonize platform proved a “powerful solution” supporting the DZ Bank
operating model.
“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…
