METACO partners with Unbound Tech to offer digital asset management solution
By Megha Bhattacharya
METACO recently announced a strategic partnership with cryptographic key management and protection solutions provider Unbound Tech in a bid to offer a digital asset management solution. The collaboration is expected to incorporate an expansion in the company’s institutional operating system for digital assets, SILO, to offer firms flexibility in deploying either Hardware Security Module (HSM) or virtual HSM secured with Multi-Party Computation (MPC) for key management of their digital asset management solution.
Adrien Treccani, CEO and Founder of METACO commented, “Currently, there is a debate in the market whether MPC or HSM based key management solutions offer greater adaptability for the management of digital assets. We are proud to partner with Unbound Tech to solve this dilemma and offer firms a pre-eminent solution incorporating both technologies. At METACO, we are constantly striving to innovate, expand and improve upon our service offerings, and this addition offers next-level flexibility for firms entering the digital asset ecosystem.”
METACO’s SILO enables financial institutions to integrate cryptocurrencies, tokens, and distributed ledger use-cases into their core infrastructure. The company recently completed an oversubscribed $17M Series A funding round, led by central bank infrastructure provider Giesecke+Devrient, as well as Standard Chartered Bank, Swisscom, SICPA, Avaloq, Swiss Post, Zürcher Kantonalbank and Investiere.
“Our partnership with METACO is forged on a combined steadfast commitment to revolutionizing digital asset management and security through our use of multi-party computation” stated, Rocco Donnino, Vice President of Strategic Alliances at Unbound Tech, “Financial institutions require the ability to leverage existing infrastructure while adopting solutions that are proven, trusted and built for growth and impact – that’s what we deliver with this partnership.”
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