Crypto Market

UnionBank of the Philippines to make the most of METACO and IBM for its crypto custody operations » CryptoNinjas

Written by James Smith

METACO, a supplier of safety software program and infrastructure to the crypto-asset ecosystem, has introduced that Union Financial institution of the Philippines will deploy its digital asset administration answer.

Furthermore, UnionBank is deploying companies on IBM Cloud, so as to leverage the confidential computing capabilities of IBM’s digital asset infrastructure that are absolutely built-in with METACO’s software program.

One of many largest common banks within the Philippines, with over $15 billion in property beneath administration, UnionBank, will leverage METACO Harmonize, METACO’s digital asset orchestration system.

UnionBank + METACO

UnionBank will enhance insurability with added FIPS 140-2 Stage 4 licensed bodily controls for managing keys, mitigate operational threat and loss occasions via trusted threshold signatures and hardened insurance policies, and handle insider collusions with Third-party audited supply code deployments.

The METACO Harmonize platform helps customers handle a variety of end-to-end digital asset use instances from crypto custody, buying and selling to tokenization, good contract administration, and decentralized finance (DeFi). UnionBank’s launch follows the opening of METACO’s Asia Pacific headquarters in Singapore.

“We’re proud additional to develop our vital presence in APAC, with Union Financial institution of the Philippines, a nationwide chief in banking companies. METACO continues to develop at a major tempo. With the latest launch of our APAC headquarters in Singapore, we will be sure that we proceed to supply best-in-class companies to UnionBank and different prospects and companions within the area.”
Patrick Enjalbal, VP Customer Success and MD, APAC at METACO

Source link

About the author

James Smith

Leave a Comment