Monday, June 17, 2024
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METACO opens office in Singapore for digital asset custody and trading tech offering

METACO has opened an office in Singapore. The Asia Pacific headquarters will be managed by recently appointed Managing Director APAC, Patrick Enjalbal.

The firm has set up shop in the financial center as demand for institutional-grade digital asset custody and trading infrastructure accelerates.

METACO 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.

METACO enables institutions to secure, trade, and manage any cryptocurrency or digital asset, offering them its Harmonize, a unifying governance solution that manages complexities regarding custody, liquidity, security, and scalability. This mitigates the risks for institutional digital asset managers in working with various partner solutions.

METACO has appointed Patrick Enjalbal, a former Director at Singapore-based financial technology consultancy, Luxoft, as its Managing Director APAC.

The industry veteran has over two decades of experience advising and managing the successful deployment of institutional-grade financial technology solutions in APAC and beyond.

The Singapore team has also welcomed Martin Frick as Senior Sales Advisor. He was previously the Managing Director of Temenos APAC, where he led operations for the banking software provider across the region. METACO has plans to further expand its presence in the APAC region in the coming months.

Andre Israel, Chief Operating Officer at METACO, commented: “We are proud to announce the launch of our Singapore office and the appointment of Patrick Enjalbal as Managing Director APAC, ably assisted by Martin Frick. METACO continues to grow at a significant pace, and this expansion will enable us to cater to high levels of demand in the region, as well as continue offering best-in-class services to our existing APAC customers and partners.”

Patrick Enjalbal, Managing Director APAC at METACO, said, “I’m thrilled to join the deeply talented team at METACO at such a pivotal time in the growth of the company. Over the coming months, we are looking to scale our operations in APAC to cater to the significant levels of interest that we are seeing from institutional clients in digital asset orchestration, integration and management.”

Alex Manson, Global Head of SC Ventures and Board Member at METACO, added: “It is clear that digital assets are here to stay, and furthermore that this particular market will experience extraordinary developments over time. Financial institutions are well placed to capitalize on this market opportunity, and we have already observed increased levels of adoption by banks and wealth managers in APAC. We are pleased to see our strategic partner METACO strengthening their presence in the region, driven exactly by this high demand for best-in-class secure and agile infrastructure for digital asset management.”


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