IHS Markit adds digital assets to post-trade securities processing platform via METACO

Rick Steves

“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.

Read this next

Metaverse Gaming NFT

Despite crypto winter, Fastex grabs $23.2 million in Fasttoken token sale

Fasttoken, part of the Fastex web3 ecosystem, has secured $23.2 million in financing through the private and public token sales of its native cryptocurrency Fasttoken (FTN).

Digital Assets

Iran to repay Russian debts in gold-backed stablecoins

A high-ranking member of the Russian parliament confirmed reports that his country was in talks with Iran to create a stablecoin for foreign trade settlements, to replace the dollar, ruble and Iranian rial.

Digital Assets

SEC denies Cathie Wood’s bitcoin ETF for second time

The approval of a regulated crypto derivative is still looking far less likely, as the US regulators have once again denied Cathie Wood’s application for a long-awaited spot bitcoin exchange-traded fund (ETF).

Executive Moves

Pavel Spirin promoted to Scope Markets CEO following Rostro acquisition

Belize-based FX and CFDs brokerage Scope Markets has promoted Pavel Spirin to take on an expanded role as the company’s chief executive officer. He replaces the outgoing CEO Jacob Plattner, who has also been a major shareholder since he resigned his position as managing director at GKFX.

Retail FX

Public.com goes all-in on alternative investing, launches Rare Sneaker Portfolio

“The concept of curated Portfolios means that our members will be able to invest in categories like art, trading cards, royalties, and real estate without needing to become subject matter experts on individual assets.”

Industry News

State Street taps AWS and Microsoft for cloud and infrastructure solutions

“By standardizing and simplifying our technology operating model, we will be able to more quickly deploy client environments and launch new products and services, while continuing to enhance the resiliency of our technology environment and our business operations.”

Institutional FX

Bitpanda launches Investment-as-a-Service business for banks, fintechs, online platforms

“Financial institutions today have to ask themselves how they aim to cater the increasing demand for modern investing solutions. Building these Individually, means a high startup cost, and products that are often outdated before they are even launched.”

Institutional FX

Options expands market data feeds after partnership with Tools for Brokers

“Our integration with ACTIV Financial marked the beginning of a new era in market data availability and infrastructure. Our teams have come together to provide unparalleled, fully managed market data services alongside Options’ global connectivity and infrastructure.”

Industry News

Recruitment in financial services sector buoyant despite planned mass layoffs

“It remains to be seen what impact this will have on hiring levels within the financial services arena this quarter”, said APSCo, regarding the expected mass layoffs within the financial services sector in England & Wales. 

<