In terms of asset size, DZ Bank, Germany's second largest bank, will cooperate with digital asset company Metaco to fully integrate digital currencies into its asset management services.
According to an announcement sent to Cointelegraph, Germany’s central bank has selected Metaco’s custody platform, Harmonize, to offer digital currencies to its institutional clients. According to Nils Christopeit, an executive at DZ Bank, the Metaco Harmonize platform met their requirements in terms of security and scalability.
Christopeit added: "With the products we can build using this technology, we believe we can create a lasting and fast-growing business partnership and an attractive solution for our customers, while also meeting the needs of digital currencies and decentralized requirements for financial instruments.” .
Craig Perrin, Chief Sales Officer at Metaco, also commented on the collaboration. The executive expressed the team's excitement about supporting DZBank's institutional products. He said Metaco's infrastructure is specifically designed to support institutions adopting digital assets and participating in the digital asset economy. He added: “We are excited to announce this cooperation as it further establishes Metaco as a market leader in Germany, trusted by some of the country’s largest banks and exchanges.”
Metaco has been actively cooperating with various major players in Germany. On Feb. 9, the digital asset management platform announced a partnership with Germany’s DekaBank to launch a blockchain-based tokenization platform. According to the announcement, the infrastructure is expected to be built in 2023 and could be launched in 2024. In addition to Germany, the digital asset management platform has also partnered with a Turkish automaker and one of the most popular local banks in the Philippines. On Jan. 10, Metaco partnered with Turkish automotive technology company Togg to help secure its smart contract-based mobility service for cars. On November 2, 2022, the company also helped Union Bank of the Philippines launch Bitcoin custody and trading services bitcoin and ether.
