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Citi and METACO are creating digital asset storage

Through this partnership, Citi’s large custody network and METACO’s technology are combined to make a platform that lets customers hold and settle digital assets quickly and safely. Citi plans to fully integrate METACO’s bank-grade Harmonize platform for digital asset orchestration and custody into its current infrastructure. This will allow Citi to create and test capabilities for taking care of digital assets.

Existing investment assets are becoming more and more digital, and so are new digital assets that are created from scratch. Okan Pekin, Global Head of Securities Services at Citi, said, “We are witnessing the increasing digitization of traditional investment assets along with new native digital assets. We are innovating and developing new capabilities to support digital asset classes that are becoming increasingly relevant to our clients,”

Using its current technical, operational, and service strategy, this strategic partnership lets Citi add digital assets to what it can already do. Citi will be able to grow safely and successfully into new areas thanks to the strength of the Harmonize platform and its large global network. This is because Citi already has global operations, technology, and risk frameworks in place. Citi’s Institutional Client Group’s digital asset strategy will depend a lot on the technological capabilities made possible by this relationship.

JUST IN: Citi has partnered with Swiss technology firm METACO to create and pilot custody tools for #crypto assets.https://t.co/DYLnL1U5e7

— Crypto Trends (@CryptoTrends) June 22, 2022

Adrien Treccani, CEO and Founder of METACO, said, “We are thrilled to work with Citi, one of the best securities services companies, to help them connect digital and traditional assets.” This project is figuring out how institutions will use digital assets.

METACO is the top technology provider to financial institutions in the ecosystem for digital assets. It has helped with several important implementations, including ones involving institutions regulated by FINMA, BaFin, FCA, Banco de Espaa, and MAS.

Citi Securities Services provides clients with in-depth knowledge of local markets, cutting-edge processing technologies, and a wide range of custody and fund services that can be customized to meet their needs. Citi Securities Services holds, manages, and trusts more than US$27 trillion in assets and has a proprietary network that connects 63 markets and is the best in its field.

About Citi

Citi is the biggest bank in the world. It has about 200 million customer accounts and does business in more than 160 countries and regions. Citi offers a wide range of financial services and products to people, businesses, governments, and other groups. Among these are consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

To find out more, go to www.citigroup.com. | www.facebook.com/citi | @Citi on Twitter | www.youtube.com/citi on YouTube | Blog: http://blog.citigroup.com | LinkedIn: http://www.linkedin.com/company/citi

About METACO

METACO is a Swiss technology company that was founded in 2015. Its goal is to help both financial and non-financial organizations run their digital asset operations safely and make money from the growing digital asset market.

Harmonize, which is the company’s main product, is a platform for coordinating digital assets. The platform makes it easy for institutions to connect to the new world of decentralized finance. It handles everything from storing and trading cryptocurrency to tokenization, staking, and managing smart contracts (Defi).

METACO has shown itself to be the Tier 1 banking standard in real-world use with international custodians, exchanges, private banks, and universal banks. With the help of its software, technology, and infrastructure solutions, financial institutions can store, trade, issue, and manage digital assets with the most security and speed.

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