The second largest banking group in Germany, DZ BANK Group, has announced the integration of cryptocurrencies into asset management services through a partnership with Metaco.
@dzbankthe central institution to the @BVRPresse cooperative financial network, one of the largest banking groups in Germany, selected Metaco Harmonize to underpin its institutional digital asset services.
PR: https://t.co/KcISwoT0OE#digitalassets #blockchain #tokenization pic.twitter.com/99hf98oT2u
— Metaco (@metaco_sa) February 23, 2023
When interacting with new products, institutional clients will use the Harmonize custodial platform. The latter, according to the head of DZ Bank Nils Kristopeit, meets all the requirements of a financial institution in the context of security and scalability.
Founded in 2015, the Swiss firm Metaco offers enterprise-grade solutions for interacting with digital assets. Its Harmonize platform is used by Societe Generale, BBVA, DBS, Citigroup, UnionBank and BNP Paribas.
Earlier, the German DekaBank, with €363 billion in assets, chose Metaco technologies to store and manage digital assets of institutional clients.
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