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Germany’s DZ bank partners with Metaco to offer digital currencies to institutional clients

Belarus plans to ban P2P crypto transactions to combat cybercrime

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TL;DR

  • DZ Bank, Germany’s second-largest bank in terms of asset size, partners with digital asset firm Metaco to integrate digital currencies into its asset management services fully.
  • DZ selected Metaco’s custody platform Harmonize to offer institutional clients a secure and scalable solution for their digital currency needs.

DZ Bank, Germany’s second-largest bank in terms of asset size, is partnering with digital asset firm Metaco to integrate digital currencies into its asset management services fully. The bank selected Metaco’s custody platform Harmonize to offer institutional clients a secure and scalable solution for their digital currency needs. However, Nils Christopeit, an executive at DZ Bank, expressed his confidence in the platform, stating that it will provide durable and fast-growing business cooperation and an attractive solution for clients requiring digital currencies and decentralized financial instruments.

Craig Perrin, the Chief Sales Officer at Metaco, also commented on the collaboration. He expressed great enthusiasm for supporting DZ Bank’s institutional offerings and emphasized that Metaco’s infrastructure is designed to meet the needs of institutions engaging in digital asset operations. Mr. Perrin said:

“This cooperation reinforces Metaco’s position as a leading provider in Germany, trusted by the country’s largest banks and exchanges.”

Craig Perrin, Chief Sales Officer at Metaco

Metaco’s partnerships extend beyond Germany. On February 9, they announced an agreement with DekaBank to launch a blockchain-based tokenization platform expected to come online in 2023 or 2024. Additionally, the company collaborated with Togg, a Turkish automotive technology firm, to provide secure smart contract-based auto mobility services. They also partnered with UnionBank of the Philippines in November 2022 to launch custody and trading services for Bitcoin.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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Damilola Lawrence

Damilola is a crypto enthusiast, content writer, and journalist. When he is not writing, he spends most of his time reading and keeping tabs on exciting projects in the blockchain space. He also studies the ramifications of Web3 and blockchain development to have a stake in the future economy.

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