Ethereum will soon host the DeFi platform of the Russian bank Sberbank

As the crypto market continues to grow in popularity, traditional financial institutions are beginning to step in. DZ Bank, the second largest German bank, has just joined the trend. It has announced that it will soon offer digital asset custody services to institutional clients.

DZ Bank and Metaco Partner to Offer Crypto Custody Services

DZ Bank, recently announced that it is preparing to offer digital asset custody services to its institutional clients. To do this, the bank has joined forces with the Swiss company, Metaco and the management platform, Harmonize. Institutional clients of DZ Bank will now be able to benefit from a highly secure crypto custody service.

For Metaco, safety is an absolute priority. The company aims to enable financial and non-financial institutions to equip themselves with solutions dedicated to cryptos. It offers, via its platform, custody, trading, tokenization and staking services.

DZ Bank will position itself on the opportunities offered by crypto

Harmonize offers a versatile governance framework with customizable risk and compliance controls.

“In terms of security, scalability and future requirements with respect to our digital asset custody initiative for institutional clients (…), we offer a powerful solution, fit for purpose and able to support the operating model what we have planned », commented Nils Christopeit, Lead Solution Design Digital Custody at DZ Bank.

Metaco collaborates with leading players

This is not the first time that Metaco has collaborated with leading players in the financial and/or banking industry. Last month, the crypto service provider partnered with Frankfurt-headquartered DekaBank. The objective is to launch a tokenization platform, based on the blockchain. Citibank and Societe Generale are some of the other major institutions that have partnered with Metaco.

The company is increasingly gaining the trust of top fund managers, banks and corporations. It is gradually becoming a standard for digital asset management infrastructures.

This partnership between DZ Bank and Metaco opens the way to new possibilities for financial institutions. The confidence placed in Metaco by major financial institutions should encourage other institutional players to take the plunge. As a reminder, DZ Bank is the second largest bank in Germany, in terms of assets. It has 297 billion euros in deposits, at the end of 2022.

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