German asset manager DZ Bank collaborated with Swiss technology firm Metaco to add digital asset management into its services.
DZ Bank, Germany’s second-largest bank by asset size, will fully integrate digital money into its asset management services with digital company Metaco.
According to an announcement sent to Cointelegraph, DZ Bank has chosen Harmonize, a Metaco repository, to provide digital currency to its corporate customers. Nils Christopeit, director at DZ Bank, said that the Metaco Harmonize platform meets its security and scalability requirements.
“With the offer we can build using this technology, we have the confidence to create sustainable and fast-growing business support and smart solutions for our customers that can also meet the needs of digital money and tools “, added Christopeit. . Craig Perrin, marketing manager at Metaco, also spoke about the partnership. The CEO expressed the group’s interest in supporting DZ Bank’s corporate offering. He said Metaco’s infrastructure is designed to help companies embrace digital assets and participate in the digital economy. He added:
“We are pleased to announce this cooperation as it establishes Metaco as a market leader in Germany, trusted by some of the largest banks in the country.”
Metaco cooperates with various major players in Germany. On February 9, the digital asset management system announced a partnership with Germany’s DekaBank to launch a blockchain-based tokenization platform. According to the announcement, it is expected that the facility will be built in 2023 and may be released in 2024.
Besides Germany, the digital asset management system has also partnered with a Turkish car manufacturer and one of the most popular regional banks in the Philippines. On January 10, Metaco partnered with Turkish automotive technology company Togg to help secure smart car mobility services based on its contract. On November 2, 2022, the company also allowed the Union Bank of the Philippines to start holding and trading services for Bitcoin BTC ($24,184) and ether ETH ($1,667).
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