DZ Bank to Integrate Digital Currencies Into Asset Management Services in collaborated with Turkish technology company
Terrill Dicki Feb 26, 2023 09:28
Metaco has also worked with Togg and UnionBank of the Philippines.
Together with the digital asset company Metaco, Germany's second-largest bank by asset size, DZ Bank, will completely incorporate digital currencies into its asset management services. This endeavor will take place in the next months.
"With the offering we can build by using this technology, we trust that we can create a long-lasting and rapidly expanding business cooperation as well as an attractive solution for our customers that can also meet the requirements of digital currencies and decentralized financial instruments," Christopeit added. "In addition to this, we believe that we will be able to meet the demands of digital currencies and decentralized financial instruments."
Craig Perrin, who serves as the chief sales officer for Metaco, offered his thoughts on the relationship as well. The CEO conveyed the joy that the team has in providing assistance for the institutional products of DZ Bank. He said that the infrastructure provided by Metaco is purpose-built to provide assistance to organizations interested in adopting digital assets and taking part in the digital asset market. He continued by saying, "We are thrilled to announce this partnership as it further confirms Metaco as a market leader in Germany, and it has the confidence of some of the top banks and exchanges in the nation."
In Germany, Metaco has been actively engaging with a wide variety of significant companies in the industry. The digital asset management platform made the announcement on February 9 about their relationship with the German DekaBank to establish a tokenization platform that is based on blockchain technology. The news indicates that the construction of the infrastructure is scheduled to take place in 2023, and it is possible that it will be made available in 2024.
The digital asset management platform worked with a Turkish carmaker and one of the most well-known local banks in the Philippines, in addition to Germany, which was the primary country involved. On January 10, Metaco entered into a partnership with the Turkish automotive technology firm Togg with the purpose of assisting Togg in securing its smart contract-based vehicle mobility services. The company was also instrumental in assisting UnionBank of the Philippines with the introduction of its custody and trading services for Bitcoin (BTC) and Ether on November 2, 2022. (ETH).
Image source: Shutterstock