METACO has integrated Aave, a decentralized, open-source, and non-custodial liquidity protocol on Ethereum, with a market size of $2 billion+.
The company brought the AAVE token into its digital asset orchestration system to help financial services firms to securely integrate, store, and manage cryptocurrencies, tokens, and distributed ledgers.
METACO has also integrated support for AAVE into both its orchestration system and institutional-grade custody solution, allowing institutional clients to avail of a range of flexible wallet options, and access a comprehensive list of smart contract functionalities across the asset lifecycle including issuance, staking, and lending support.
METACO now supports Aave and other major DeFi protocols including Uniswap, Synthetix, and Compound. This puts METACO in a leading position for institutions looking to incorporate DeFi tokens into their digital asset use-case.
The firm has built a framework for digital asset custody, transaction management, trading, and tokenization. Its clients include leading Tier 1 and 2 banks such as Standard Chartered Bank among others in the US, Switzerland, Europe, and southeast Asia.
Adrien Treccani, CEO and Founder at METACO, commented, “As the institutional adoption of digital assets accelerates, investors are gathering a broader appetite for crypto assets, with interest in DeFi tokens rapidly gathering momentum. At METACO, we are constantly striving to innovate, expand and improve upon our service offerings.
“This integration with Aave, a proven DeFi protocol, demonstrates our commitment to innovation in DeFi and providing our clients with the cutting-edge technology and flexibility they need to stay apace with the rapidly evolving digital assets ecosystem.”
Aave is one of the fastest growing DeFi protocols. Its decentralised non-custodial liquidity protocol allows users to participate as depositors or borrowers of cryptoassets on which they earn or pay interest.
Stani Kulechov, CEO of Aave said: “2021 has seen financial institutions pouring into the digital asset space, and now they are looking at DeFi as a new way to manage liquidity. METACO offers access to DeFi assets in a safe and secure way, making it easier for institutional adoption and onboarding.”
Metaco and Cobalt have recently joined forces to provide an institutional-grade Software as a Service (SaaS) solution for digital asset settlement. The lack of available institutional-grade infrastructure has come as an opportunity to integrate METACO’s institutional operating system for digital assets, SILO, with Cobalt’s interoperable FX and digital assets platform.
The result of the team-up is an end-to-end SaaS solution for the storage, limit allocation, and intraday settlement of digital assets.
Switzerland-based Metaco was founded in 2014 to help financial institutions explore the latest blockchain technologies and systems by providing high-grade cryptographic solutions that can be fully integrated into a bank’s core processes, as well as highly secure custody solutions for cryptocurrency assets. Full integration into digital banking channels is key to avoid high-risk manual systems that are expensive, inefficient, and insecure.