IHS Markit adds digital assets to post-trade securities processing platform via METACO
“There remain many frictions for banks and other large financial institutions entering the crypto markets.”
METACO has partnered with IHS Markit to deliver post-trade securities processing capabilities in digital assets for financial institutions.
IHS Markit’s post-trade securities processing platform is integrated with METACO Harmonize, a secure digital asset orchestration system, to provide a single multi-asset platform for financial institutions to securely custody and manage digital assets alongside traditional assets.
Gateway for traditional and digital assets
Ankush Zutshi, vice president, corporate actions and securities processing, IHS Markit, said: “The partnership provides a seamless integration and utilizes both firms’ cloud first philosophy and infrastructure, with IHS Markit’s Integrated Message Bridge (IMB) providing the gateway between the movement of traditional and digital assets, while leveraging the industry standard messaging protocols inherent within our post-trade securities platform.
“We are excited to partner with METACO to provide a unified, integrated solution for the secure orchestration of digital asset workflows and the safekeeping of digital assets along with traditional.”
Seamus Donoghue, VP of Strategic Alliances METACO, commented: “There remain many frictions for banks and other large financial institutions entering the crypto markets. METACO Harmonize, our digital asset orchestration platform, is a unique offering that ensures end-to-end security with no single point of failure across all digital asset processes while delivering the scalability and agility required by the world`s largest financial institutions.
“Our partnership with IHS Markit integrates their market-leading post-trade securities processing capabilities to provide firms with the highest level of security while delivering the flexibility and agility they need to successfully operate at scale and with agility in the rapidly growing digital asset industry.”
METACO’s Harmonize facilitates the management of end-to-end digital asset use cases from cryptocurrency custody and trading to tokenization, smart contract management, and decentralized finance (DeFi).
METACO opened office in Singapore
METACO has recently opened an office in Singapore for its Asia Pacific headquarters, managed by Managing Director APAC, Patrick Enjalbal.
The firm wants to be where the action is and much of the crypto-related industry is operating out of Singapore as the APAC region drives a significant amount of trading volumes for its looser controls on leveraged trading.
METACO’s presence aims to allow the company to continue enabling banks and other institutions to safely enter the crypto economy through Harmonize, its digital asset orchestration system that manages complexities regarding custody, liquidity, security, and scalability. This mitigates the risks for institutional digital asset managers in working with various partner solutions.