Archax taps Metaco’s digital asset custody tech

Rick Steves

Harmonize has been deployed by leading institutions including Citigroup, Societe Generale – FORGE and BBVA Switzerland, as well as Mercari, LevelField, and Covario. 

Archax has partnered with METACO to deploy its digital asset custody and orchestration technology on IBM Cloud in order to leverage the confidential computing capabilities of IBM’s digital asset infrastructure.

The FCA-regulated digital asset exchange, brokerage, and custodian based in London will fully integrate METACO’s bank-grade digital asset custody, issuance, and orchestration platform, Harmonize.

Harmonize’s IBM Cloud Hyper Protect Services will allow Archax to scale to billions of wallets while maintaining control over their private keys for risk management. Custodians retain physical control of the root of trust of the assets and the policies that govern the management of the assets, through the IBM HSM Smartcards.

Harmonize, built in partnership with the largest Tier 1 custodian banks, allows clients to securely store, trade, issue and settle cryptocurrencies and digital securities. METACO is supporting key live implementations in Switzerland, Germany, United Kingdom, and Singapore, as well as the United States, France, Australia, and Hong Kong.

Harmonize has been deployed by leading institutions including Citigroup, Societe Generale – FORGE and BBVA Switzerland, as well as Mercari, LevelField, and Covario.

UK has a key role to play in bridging traditional finance and digital assets

Graham Rodford, CEO and Co-Founder of Archax, commented: “We see the digital asset market as a long-term investment opportunity, and at Archax we make investments in technology and processes to reflect that vision. We provide regulated, institutional-grade services and through working with METACO and IBM Cloud, we further establish our commitment to bring the highest levels of security and compliance to our clients and ecosystem.”

Seamus Donoghue, VP of Strategic Alliances at METACO, said: “As one of the world’s leading traditional financial centres, the UK has a key role to play in bridging traditional finance and digital assets–recently outlined by the UK Treasury. The first FCA regulated digital securities brokerage, exchange and custodian, Archax is at the vanguard of this transition, enabling seamless institutional access to the sector.

“We’re thrilled to partner with Archax, and provide a platform that offers bank-grade security and compliance for the custody, issuance and management of digital assets, as well as a flexible governance policy framework that can be applied to any type of digital asset transaction, a no-single-point-of-failure model, and the optionality to expand and offer any type of digital asset services.”

Archax offers digital securities exchange, brokerage, and custody in the UK, having been the first to obtain a license from the Financial Conduct Authority (FCA) to support institutional investors to trade in a variety of digital assets, including digital securities, cryptocurrencies, and traditional securities too.

Read this next


BlockDAG’s $28.5M Presale Ignites Investor Frenzy! Dashboard Upgrade Unveils Top Rankings, Overshadowing Retik Finance Listings!

Learn how BlockDAG’s updated dashboard, featuring detailed community rankings, is diverting investor interest from Retik Finance’s anticipated market entries.

Digital Assets

Gala Games reportedly hacked for $200 million, token nosedives

The native token of crypto gaming project Gala Games (GALA) dropped sharply amid rumors of a massive transfer worth over $200 million that traders suspected might be a hack.

Digital Assets

Ether skyrockets amid rumors of spot ETF approval

The chances of the U.S. government approving spot Ether ETFs have increased, according to top Bloomberg ETF analysts. Initially viewed as unlikely, analysts James Seyffart and Eric Balchunas now see a 75% chance of approval, up from 25%, following recent developments.

Digital Assets

New York judge approves $2 billion settlement with Genesis

A New York bankruptcy judge has approved a $2 billion settlement between the New York State Attorney General’s office and crypto lender Genesis, marking the largest settlement against a crypto firm in the state’s history.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary: Federal Reserve Policy, ECB, Geopolitical Tensions, May 20 ,2024

Fed holding rates to fight inflation, ECB likely cuts June rates, geopolitical tensions favor safe-haven USD

Digital Assets

Grayscale CEO steps down, replaced by Goldman Sachs veteran

Grayscale CEO Michael Sonnenshein after 10 years with the digital asset investment firm, the company said on Monday.


Influencers Fuel BlockDAG’s $28.4M Presale Amid Solana Price Surge & Kaspa Bull Run

Dive into BlockDAG’s presale success, boosted by influencer endorsements. Explore the Solana price surge and Kaspa’s bullish sentiments.

Market News, Tech and Fundamental, Technical Analysis

EURGBP Technical Analysis Report 20 May, 2024

EURGBP currency pair can be expected to fall further toward the next support level 0.8525, which is the low of the previous corrective wave ii.

Digital Assets exec arrested for $1.9 million exploit, claims bail in UK

Jarett Dunn, a former employee of the memecoin creator and trading platform, claims he was arrested and subsequently released on bail in the United Kingdom following a $1.9 million exploit on the platform.