Togg picks METACO to develop digital asset offerings
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Togg picks METACO to develop digital asset offerings 10 January 2023Turkey Reporter: Lucy Carter
Image: Nikolay N. Antonov/stock.adobe.com
Turkish technology provider Togg has chosen METACO to secure the custody and governance of digital assets, allowing the company to further develop its digital asset custody wallet offering.
Through the partnership, Togg will gain access to Harmonize, METACO’s digital asset custody and orchestration platform, supplying the company with treasury management storage and a new wallet solution for end users.
The platform also offers a smart contract management framework that provides end-to-end lifecycle management and servicing support for digital assets. Harmonize runs on IBM Cloud, and works with IBM Cloud Hyper Protect Services to ensure that encrypted data, workloads and encryption keys remain secure. This shortens the time to go to market, the company states.
Gürcan Karaka?, CEO of Togg, says: “We are designing an open mobility ecosystem that is interconnected and interoperable with others, such as smart home and smart city ecosystems. Blockchain enabled digital tokens allow data and other assets to be stored and transferred in a fast, secure, and green way. By leveraging technology from METACO, we make this possible, and take another step forward in redefining the global mobility ecosystem.”
Adrien Treccani, CEO and founder of METACO, adds: “We’re proud to partner with Togg to provide a platform that offers bank-grade security and compliance for the custody and management of these assets. This partnership demonstrates the continued momentum of METACO, as we move to expand our addressable market and become the technology partner of choice for leading global corporations seeking to embed digital assets into their business model.”
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Image: Nikolay N. Antonov/stock.adobe.com 