BCB Group and Metaco Collaborate to Enhance Digital Asset Custody Operations
BCB Group, a leading innovator in digital asset payment and trading, has announced a strategic partnership with Metaco, a global leader in digital asset custody platforms. The collaboration aims to consolidate BCB Group’s electronic asset custody activities onto Metaco’s platform, in an effort to improve compliance, security, and operational efficiency.
By transitioning from an external cryptocurrency wallet to Metaco, BCB Group is set to expand its market reach significantly. The move will enable BCB Group to streamline its custody tasks and enhance its market offerings. Key drivers for this decision include the improved operational processes, heightened security measures, and the ability to encrypt digital assets effectively.
The partnership between BCB Group, Ripple, and Metaco underscores the growing demand for secure and reliable infrastructure in the cryptocurrency industry. Additionally, the adoption of IBM Cloud’s Hyper Protect Crypto Services further solidifies BCB Group’s commitment to providing efficient and secure services at a lower cost.
Oliver Tonkin, CEO and Co-founder of BCB Group, emphasized the importance of this partnership, stating that it will enable BCB Group to remain a prominent player in the electronic asset ecosystem. Tonkin also highlighted BCB Group’s dedication to obtaining relevant regulatory licenses, such as the E-Money Institution and Digital Assets Services Provider license in France.
The collaboration between Ripple and Metaco is expected to revolutionize the remittance industry. Aaron Sears, SVP Global Customer and Partner Success at Ripple, expressed excitement about the partnership’s potential to transform the industry. Metaco’s custody platform offers a secure and agile model that empowers businesses to leverage digital assets in the modern age. The platform is already integrated with various secure software platforms globally and is expected to expand to more jurisdictions.
Last year, Ripple acquired Metaco for $250 million, a move aimed at enhancing electronic asset management services. This acquisition further demonstrates Ripple’s commitment to providing innovative solutions to the banking sector, with Standard Chartered Zodia Custody being one of the key beneficiaries. Metaco is now poised to take on the role of BCB Group, providing electronic asset custody services.
Metaco’s entry into the electronic asset market is highly anticipated by BCB Group. The infographic provided by BCB Group highlights the importance of enterprise processes such as safety, automation, and scaling digital asset management, which heavily rely on digitized systems.
Overall, the collaboration between BCB Group and Metaco represents a significant development in the digital asset custody space, with a focus on enhancing compliance, security, and operational efficiency.
