Germany-focused DekaBank taps METACO for digital asset custody offering

Rick Steves

“Digital assets are a critical part of the future, a radical new way for how assets will be represented, from currencies to real estate.”

METACO has partnered with DekaBank, a provider of securities services and capital market solutions to the German Savings Banks Finance Group (Sparkassen-Finanzgruppe) to underpin and orchestrate DekaBank’s digital asset custody and management operations.

METACO’s custody and orchestration platform, Harmonize, will be deployed by DekaBank to manage its digital asset operations.

Harmonize enables the commercial launch of complex banking value propositions around digital assets, such as custody of cryptocurrencies and digital securities, underpinned by institutional-grade security and compliance standards.

The platform has already been selected by several Tier 1 and Tier 2 banks in various regulatory jurisdictions across Europe, Asia Pacific, the Middle East, and North America. FinanceFeeds has covered a few previous partnerships, namely with BNP Paribas, Archax, Union Bank of the Philippines, Mercari, Covario, and IHS Markit.

“A radical new way for how assets will be represented, from currencies to real estate”

Andreas Sack, Product Owner Digital Assets Custody at DekaBank, said: “Digital assets are a critical part of the future, a radical new way for how assets will be represented, from currencies to real estate. Today we make another important step towards laying the foundation for giving our institutional investors and millions of people in Germany access to this transformational opportunity. METACO is the right partner for DekaBank to create new services that are secure, compliant, and future-proof.”

Adrien Treccani, CEO and Founder of METACO, commented: “This partnership continues to establish METACO as the leading custody and orchestration technology provider for global, regulated financial institutions looking to quickly scale institutional-grade digital asset servicing.”

DekaBank has over €360 billion Euros in assets under management and offers a broad range of services including custody, asset management and capital market solutions to the German Saving Banks Finance Group.

The firm’s digital asset custody services will offer a safe and compliant value proposition to its extensive network of savings banks by leveraging the Harmonize platform, underpinned by its fully configurable governance engine which will allow DekaBank to define its own policies.

Read this next

Digital Assets

BlockDAG Presale Raises $9.9M as Batch 5 Nears Sell-Out Amid Bonk’s Fluctuating Trading Volume & Spell’s Bullish Price

Explore BONK’s trading volume, SPELL’s market shifts, and why BlockDAG’s 10,000 ROI makes it an ideal crypto for savvy investors in 2024.

Digital Assets

Bybit expands into Europe amid regulatory scrutiny

Dubai-based cryptocurrency exchange Bybit is expanding its operations in Europe after encountering regulatory challenges in Hong Kong.

Digital Assets

Cathie Wood’s sponsored Bitcoin ETF sees historic $200 million inflows

The ARK 21Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood’s ARK Invest, registered historic inflows exceeding $200 million on Wednesday, signaling a robust appetite among investors for Bitcoin-centric investments.

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

Retail FX

Prop firm The Funded Trader shuts down, claims relaunch in April

Prop trading firm The Funded Trader has ceased all operations, with claims for a relaunch in the near future.

Digital Assets

Ethereum-Based Tokenized Real Estate Platform USP Launches On Republic

How This Californian Startup Is Revolutionizing Real Estate Investment through Ethereum-Based Tokenization.

<