DekaBank adopts METACO’s Harmonize 31 January 2023Switzerland Reporter: Lucy Carter
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Securities services and capital market solutions provider DekaBank has chosen METACO’s Harmonize platform to manage its digital asset operations.
Harmonize facilitates the launch of banking-value propositions, such as custody of cryptocurrencies and digital securities. It provides a customisable governance engine, which allows users to tailor the system to their own policies.
METACO’s solutions are already compliant with Germany’s strict regulatory environment, the company says, and is active globally in the digital asset ecosystem.
DekaBank’s digital asset custody services are an addition to its existing offerings to the German Saving Banks Finance Group. The firm currently holds more than €360 billion in assets under management.
Andreas Sack, product owner of digital assets custody at DekaBank, says: “Digital assets are a critical part of the future, a radical new way for how assets will be represented, from currencies to real estate. Today we make another important step towards laying the foundation for giving our institutional investors and millions of people in Germany access to this transformational opportunity. METACO is the right partner for DekaBank to create new services that are secure, compliant, and future-proof.”
Adrien Treccani, CEO and founder of METACO, adds: This partnership continues to establish METACO as the leading custody and orchestration technology provider for global, regulated financial institutions looking to quickly scale institutional-grade digital asset servicing.”
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