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Germany’s DZ Bank adds digital currencies to asset management services

by SuperiorInvest

DZ Bank, Germany’s second largest bank by assets, is fully integrating digital currencies into its asset management services in partnership with digital asset firm Metaco.

According to an announcement sent by Cointelegraph, DZ Bank has chosen Metaco’s Harmonize management platform to offer digital currencies to its institutional clients. Nils Christopeit, Managing Director of DZ Bank, said that the Metaco Harmonize platform meets their security and scalability requirements.

“Thanks to this offer, we can build with this technology, we believe we will create a permanent and fast-growing business cooperation, as well as an attractive solution for our clients, which can also meet the requirements of digital currencies and decentralized financial instruments,” added Christopeit.

Craig Perrin, Metaco’s director of sales, also commented on the collaboration. The CEO expressed their team’s enthusiasm in supporting DZ Bank’s institutional offerings. He said Metaco’s infrastructure is specifically designed to support institutions in adopting digital assets and participating in the digital asset economy. Added by:

“We are excited to announce this collaboration as it further establishes Metaco as a leader in the German market, trusted by some of the country’s largest banks and stock exchanges.”

Metaco actively cooperates with various key players in Germany. Feb 9 digital asset management platform announced a partnership with another German bank named DekaBank to launch a blockchain-based tokenization platform. According to the announcement, the infrastructure is expected to be built in 2023 and could be released in 2024.

Related: JPMorgan sees advantages in deposit tokens over stablecoins for commercial bank blockchains

In addition to Germany, the digital asset management platform has also collaborated with a Turkish car company and one of the most popular local banks in the Philippines. On January 10. Metaco cooperates with the Turkish car company Togg to help deliver smart contract auto mobility services to Togg. On November 2, the firm also helped UnionBank, a bank based in the Philippines launch your custody and trading services for bitcoins (BTC) and ether (ETH).

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