DZ Bank Selects Metaco Solution for Institutional Digital Asset Custody Offeringby Fintechnews Switzerland February 28, 2023
Metaco announces its cooperation with DZ Bank.
As a central institution, DZ Bank (DZ provides a multitude of services, particularly asset management services, being one of the largest German custodians, with €297 billion assets under custody at the end of 2022.
Metaco’s custody and orchestration platform, Harmonize, was selected by DZ through an extensive proof-of-concept and diligence process. Harmonize has proven to be a powerful solution, helping DZ to build an attractive and secure offering to institutional clients in the space of crypto securities (German eWpG) and digital currencies – fully integrated into its current asset management services.
Metaco’s agnostic model enables different deployment methods, as well as a hardware-enforced key management infrastructure, securing multiple types of digital assets – including tokenized securities like bonds and equities. Harmonize offers a versatile governance framework with customizable risk and compliance controls, with full segregation of multiple business units and clients, guaranteeing isolation of policies, users, accounts, and assets.
Nils Christopeit, Lead Solution Design Digital Custody at DZ Bank, commented:
“In terms of our security, scalability, and future requirements of our digital asset custody initiative for institutional clients, starting with crypto securities as per the German eWpG, Metaco Harmonize has proven to be a powerful solution that is fit for purpose and can support our intended operating model. With the offering we can build by using this technology, we trust to create a durable and fast-growing business cooperation as well as an attractive solution for our clients that can also meet the requirements of digital currencies and decentralized financial instruments.”
Craig Perrin, Chief Sales Officer at Metaco, commented:
“Metaco’s digital asset technology infrastructure is purposely designed to support financial institutions to capitalize on the digital asset economy. 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.”
Featured image credit: From left to right: Olaf Liebeskind – IT, Project Lead Digital Custody at DZ BANK; Kolja Gerlach –Operations, Project Lead Digital Custody at DZ BANK; Nils Christopeit – Operations, Lead Solution Design Digital Custody at DZ BANK; Craig Perrin – Chief Sales Officer at Metaco; Thomas Pecha – Sales Director DACH & CEE at Metaco; Johannes Kaske – Global Head of Solutions at Metaco.