UnionBank of the Philippines to utilize METACO and IBM for its crypto custody operations

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

Moreover, UnionBank is deploying services on IBM Cloud, in order to leverage the confidential computing capabilities of IBM’s digital asset infrastructure which are 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 leverage METACO Harmonize, METACO’s digital asset orchestration system.

UnionBank will improve insurability with added FIPS 140-2 Level 4 certified physical controls for managing keys, mitigate operational risk and loss events through trusted threshold signatures and hardened policies, and address insider collusions with 3rd-party audited source code deployments.

The METACO Harmonize platform helps users manage a range of end-to-end digital asset use cases from crypto custody, trading to tokenization, smart contract management, and decentralized finance (DeFi). UnionBank’s launch follows the opening of METACO’s Asia Pacific headquarters in Singapore.

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

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