UnionBank of the Philippines will use METACO and IBM for its cryptocurrency storage operations »CryptoNinjas

UnionBank of the Philippines will use METACO and IBM for its cryptocurrency storage operations »CryptoNinjas

METACO, a provider of security software and infrastructure for the crypto-asset ecosystem, has announced that Union Bank of the Philippines will implement its digital asset management solution.

Moreover, UnionBank is implementing services on IBM Cloud, to take advantage of the confidential computing capabilities of IBM’s digital asset infrastructure that is fully integrated with METACO’s software.

One of the largest universal banks in the Philippines, with over $ 15 billion in assets under management, UnionBank, will use METACO Harmonize, METACO’s digital asset orchestration system.

UnionBank + METACO

UnionBank will improve security with the added physical controls of FIPS 140-2 Level 4 certified key management, mitigate operational risk and loss events through reliable boundary signatures and strengthened policies, and address insider collusion by implementing revised third party source code.

The METACO Harmonize the platform helps users manage a range of end-to-end uses of digital assets from cryptocurrency storage, trading to tokenization, smart contract management and decentralized finance (DeFi). The launch of UnionBank followed the opening of METACO’s headquarters for Asia and the Pacific in Singapore.

“We are proud to further expand our significant presence in APAC, with Union Bank of the Philippines, the national leader in banking services. METACO continues to grow at a significant rate. With the recent launch of our APAC headquarters in Singapore, we can ensure that we continue to offer best-in-class UnionBank services to other clients and partners in the region. ”
Patrick Enjalbal, Vice President of Customer Success and MD, APAC at METACO



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