BBVA (BME:BBVA) Switzerland has strengthened its position in the digital asset sector by expanding its partnership with Metaco, a prominent provider of cryptocurrency custody and blockchain services. The bank has integrated Metaco's Harmonize platform, delivered through a Software as a Service (SaaS) model, to bolster its private key custody and institutional digital asset offerings.
The collaboration between BBVA Switzerland and Metaco is part of a broader trend among financial institutions recognizing the importance of secure and compliant infrastructure for managing digital assets. Alfonso Gomez, CEO of BBVA Switzerland, highlighted the significance of this enhanced service, which not only continues to provide secure trading options for individual clients—a feature available since 2021—but now also caters to institutional clients.
Adrien Treccani, CEO of Metaco, brings his expertise to the initiative, ensuring that both individuals and institutions can benefit from robust security measures. This move aligns BBVA Switzerland with other major financial players such as HSBC and Germany's DZ Bank, which have also recently established digital asset custody services using Metaco's technology.
The adoption of Metaco's Harmonize platform has been a key factor in BBVA Switzerland receiving the Celent Model Wealth Manager Award, acknowledging their commitment to innovation in wealth management and client service.
The financial sector's shift towards advanced digital asset custody solutions is gaining momentum globally. Regulatory achievements by Societe Generale (OTC:SCGLY) FORGE with a Digital Asset Service Provider (DASP) license and UnionBank with a Virtual Asset Service Provider (VASP) license further demonstrate Metaco's growing influence in enabling financial institutions to navigate the burgeoning digital assets market.
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