In partnership with global digital asset business Metaco, Germany’s 2nd largest bank by assets, DZ Bank, will completely incorporate cryptocurrencies into its wealth management services. Using Metaco’s Harmonize custodial technology, DZ Bank will now provide its industrial clients with access to digital currencies. An executive from DZ Bank named Nils Christopeit has stated that perhaps Metaco Harmonize satisfies the bank’s requirements concerning both privacy and scalability.
Metaco Partners With DZ Bank to Facilitate Transition to Digital Assets
Christopeit elaborated, saying they hope to foster a long-lasting and rapidly expanding business partnership with the aid of this technology. They also believe that they can provide an excellent alternative for clients. They will be able to meet the needs of cryptocurrencies and decentralized financial instruments.
The chief salesperson of Metaco, Craig Perrin, added his thoughts on the partnership. The executive said that his or her group was thrilled to assist DZ Bank’s level of internal consistency. He said that Metaco’s architecture is made to facilitate financial institutions in their transition to digital assets and their participation in the virtual currency economy. He went on to say that they couldn’t be happier to establish the partnership. It will cement Metaco’s position as a frontrunner in the German market and earn the confidence of the nation’s largest financial institutions.
Metaco Partners with Multiple Firms to Introduce Blockchain-Based Tokenization System
Metaco’s collaboration with Germany’s multiple power brokers has been ongoing and fruitful. The blockchain-based tokenization system was introduced by the digital asset administration platform on February 9th in collaboration with DekaBank. The statement states that the infrastructure would be constructed in 2023 and may be made available in 2024.
The digital asset tracking platform partnered with not just a German manufacturer but also a Turkish one, in addition to one of the most well-known Filipino financial institutions. To further protect the safety of its smart contract vehicle mobility solutions, Turkish automotive design firm Togg teamed with Metaco on January 10th. Also, the company assisted the Philippine UnionBank with the introduction of Bitcoin holding and market services on November 2, 2022.
Tokenized assets, like stocks and bonds, may be protected by Metaco’s neutral paradigm. It allows for a variety of deployment options and a hardware-enforced management structure. Harmonize makes sure that regulations, customers, accounts, and valuables are kept separate by offering a flexible governance structure with configurable safety and security controls and the ability to fully separate different company divisions and clients.
