Big week for METACO as they launched a digital asset orchestration system for institutions and made two key hires: Andre Israel as Chief Operating Officer and Craig Perrin as Vice President of Sales.
The firm has launched METACO Harmonize to ensure there are no trade-offs between security and agility for every firm, large or small looking to unlock the digital asset market opportunity.
In March, the firm announced it will leverage IBM’s confidential computing capabilities for their digital asset orchestration system.
Designed to be scalable, Harmonize is an infrastructure that manages a range of end-to-end digital asset use cases from decentralized finance (DeFi), to tokenization, cryptocurrency custody, and smart contract management.
Adrien Treccani, CEO and Founder of METACO, said: “The launch of METACO Harmonize is driven by the exponential growth of the digital asset economy, from an increase in the number and types of assets which are being tokenized, an increase in the number of counterparties trading those assets, and an increase in the relevance of decentralized finance applications.
“As a result, our customers are faced with progressively complex needs regarding the storage, trading, tokenization, and staking, but also regarding advanced DeFi use cases and growing regulatory requirements; orchestration of these many new capabilities and interactions has become an inevitable need. METACO Harmonize was developed together with our customers and provides institutions with a platform which will enable them to scale their digital asset operations with the requisite flexibility”, Treccani added.
METACO Harmonize offers enterprise-ready product suites to fit specific digital asset use cases and facilitate rapid deployment including: Banking and Finance, Custodian, Exchanges and Treasury. Firms gain access to the firm’s subproducts:
– METACO Vaults, a secure and agile institutional-grade self-custody solution; METACO Flows, offering seamless connectivity to a network of trusted sub-custodians;
– METACO Trades, connecting the largest exchanges, brokers, and market makers in a powerful order management system;
– METACO Tokens, enabling access to the DeFi industry through a powerful smart contract management framework supporting asset tokenization, peer-to-peer trading, and more.
METACO also announced two senior hires. Andre Israel, formerly Managing Director and Head of Core Banking at Accenture and joins as Chief Operating Officer: “I’m thrilled to join the deeply talented team at METACO at such a pivotal time in the growth of the company. The institutional adoption of digital assets is rapidly accelerating and now more than ever, firms are looking to innovative technology providers such as METACO to offer end-to-end institutional-grade solutions which will enable them successfully to launch and to manage their digital asset businesses.”
METACO also appointed Craig Perrin, formerly Global Head of Sales for Standard Chartered Bank and Regional Head of Securities Services in the Americas. He is joining METACO as Vice President of Sales.
“I’m proud to bring my expertise to bear in order further to solidify METACO’s status as the leading provider of digital asset infrastructure for institutions. Over the next months, we are looking to scale our sales and delivery team significantly, driven inter alia by the keen interest shown in METACO Harmonize as the overarching solution to our clients’ and prospects’ increasingly demanding orchestration requirements”, said Perrin.
A few weeks ago, METACO partnered with Cobalt for a digital asset settlement solution. The firms joined forces to provide an SaaS solution that combines its operating system for digital assets, SILO, with Cobalt’s interoperable FX and digital assets platform. The SaaS solution provides storage, limit allocation, and intraday settlement of digital assets.
METACO has recently integrated DeFi protocol Aave. The decentralized, open-source, and non-custodial liquidity protocol on Ethereum has a market size of $2 billion+.