Avaloq and METACO implement crypto asset solution in partnership with Gazprombank. Metaco specialises in blockchain and cryptocurrencies and the acquisition is part of its second round of funding, which also included Swisscom, Swiss Post and SICPA as new strategic shareholders. It will also allow banking and wealth management clients to buy, sell and transfer crypto assets and currencies, without any need for a crypto-wallet or private key management. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. There will be no organizational changes within Metaco or Avaloq but there will be close cooperation going forward. Metaco’s HSM (hardware security module) ensures a “military security” solution for storing private keys and managing wallets and operations. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds. integrated solution that can be offered to clients by their trusted bank. All rights reserved. We strongly recommend you to seek independent professional advice or to conduct your own independent research before acting upon any information contained on this website. secure crypto-asset custody solution for institutional clients. Investoren waren neben der Zürcher Kantonalbank, Standard Chartered, Investiere, Swisscom, Post und Avaloq der Sicherheitstechnologiekonzern Giesecke+Devrient, der die … Register now to receive the latest news and information for global trading industry. Last year, Warburg Pincus has acquired approximately 35 percent of Avaloq from existing shareholders, valuing the company in excess of CHF 1 billion. Blockchain technology offers outstanding solutions in the field of the distributed ledger, cryptocurrencies, and digital assets, according to Francisco Fernandez, Chairman of Avaloq. Thanks to the close integration of the METACO storage solution, banking and Banking technology supplier Avaloq and crypto infrastructure firm Metaco have partnered with Gazprombank, a Swiss bank, to implement their integrated crypto asset solution, reports Henry Vilar of Fintech Futures (Finovate’s sister publication). May 22, 2019. Copyright © 2007-2020 Finovate.
towards the mainstream use of cryptocurrencies and crypto assets and their crypto assets and currencies, with their positions displayed in one Avaloq, the Swiss-based fintech group of integrated and comprehensive banking solutions, has acquired a 10% stake in Metaco, a blockchain and crypto-currency specialist based in Lausanne, in its second round of funding. «Avaloq Ventures will look to partner with third-party investors such as banks, wealth and asset managers, and established fintech companies in providing capital,» the company said.
The aim of this product innovation is to provide banksand wealth managers with a fully integrated solution for the management ofclient portfolios across all asset classes including cryptocurrencies.Gazprombank (Switzerland) Ltd, which is already an Avaloq client, aims to offera cryptocurrency service to its clients in mid-2019. If you continue to use this site we will assume that you are happy with it. and usability.”, Adrien Treccani, Founder and CEO of METACO, May 23, 2019. portfolio view, the solution will also ensure the highest levels of convenience Security Der führende Schweizer Fintech-Anbieter Avaloq hat eine 10%-Beteiligung an Metaco, dem Blockchain- und Kryptowährungsexperten mit Sitz in Lausanne, erworben. The aim of this product innovation is to provide banksand wealth managers with a fully integrated solution for the management ofclient portfolios across all asset … The financial terms of the deal are not being disclosed. Subscribe to AsiaTokenFund (ATF Platform), Are Security Token Offerings actually “illegal”, Binance to Hold Inaugural Binance Blockchain Week in Singapore, Noonies 2020 by HackerNoon Names Uniris ‘Trending Tech Product of the Year’, SaTT CEO Gauthier Bros Reveals TikTok Oracle in the Works. (Hardware Security Module) ensures a military security solution for storing
Avaloq, the Swiss-based fintech group of integrated and comprehensive banking solutions, has acquired a 10% stake in Metaco, a blockchain and crypto-currency specialist based in Lausanne, in its second round of funding.
security and secure custody are of paramount importance and METACO’s The solution will integrate SILO, Metaco’s crypto-wallet management solution, within the Avaloq Banking Suite. The aim of this project is to provide banks and wealth managers with a solution for the management of client portfolios across all asset classes including cryptocurrencies. for a crypto-wallet or private key management. I look forward to the interaction with Francisco Fernandez and the Avaloq team.”. Thomas The two firms are already familiar with each other as Avaloq has a 10% stake in Metaco. has developed market-leading, high-grade cryptographic solutions that can be In einer Finanzierungsrunde hat Metaco nun 17 Millionen Franken aufgenommen. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. integrate SILO, METACO’s crypto-wallet management and storage solution, within adds: “This innovation partnership with Avaloq is a truly exciting evolution Metaco was founded in 2014 and helps 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. By acquiring the 10% stake in Metaco, Avaloq will be able to enhance its own expertise and solutions with regards to blockchain technology. The new solution will support By bringing together all asset classes in one Number 8860726. Avaloq demonstrated its double marketplace at FinovateAsia 2018 last month.
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