IBM announced that METACO, a provider of security-critical infrastructure that helps large banks manage digital assets, will leverage confidential computing capabilities through IBM Cloud and IBM Cloud Hyper Protect Services for their digital asset orchestration system.
With its platform running on IBM Cloud, METACO can deliver its traditional finance clients benefits including increased security and scalability as they adopt hybrid cloud strategies.
To address the rapidly growing market demand for digital assets, METACO enables large financial institutions to securely integrate cryptocurrencies, tokens, and distributed ledger use-cases into their core infrastructure.
METACO offers digital asset custody, transaction management, trading, and tokenisation solutions for banks and exchanges.
METACO’s solution for safe custody of digital assets, offers new options of wallet deployments for flexibility of hot, warm, cold, nearline and frozen storage of digital assets, each encompassing a specific balance of security and agility to best fit the needs of institutions.
The orchestration system is running in IBM Cloud Hyper Protect Virtual Server enclaves, which provide access to IBM’s confidential computing capabilities.
IBM Cloud Hyper Protect Services are available on IBM Cloud and on-premises via IBM LinuxONE.
Adrien Treccani, CEO and Founder of METACO said,
“IBM is one of the financial industry’s longest standing and most trusted technology providers, and we are proud to join forces to strengthen the offering of our custody solution and digital asset orchestration system for institutions.
At METACO, we are constantly striving to innovate, expand and improve upon our service offerings. This integration will allow us to deliver greater levels of security and trust to our clients as they innovate in the digital asset space.”
Hillery Hunter, IBM Fellow, VP and CTO, IBM Cloud said,
“As the world’s leading financial institutions adopt hybrid cloud, it is critical that they keep in mind security and privacy assurance.
As companies such as METACO continue to help the world’s top banks and exchanges manage their digital assets, IBM’s confidential computing capabilities help its clients ensure their data and processes are managed securely, bringing trust into the ecosystem and providing privacy assurance”.
Featured image credit: Edited from Unsplash
