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METACO, a provider of security-critical software and infrastructure for the crypto asset ecosystem, announced that UnionBank of the Philippines is implementing its digital asset management services.
Additionally, UnionBank is deploying services on IBM Cloud to leverage the confidential computing power of IBM’s digital asset infrastructure, which is fully integrated with METACO’s digital asset orchestration system, METACO Harmonize.
As one of the largest universal banks in the Philippines, UnionBank manages over $15 billion in assets and will leverage METACO’s digital asset orchestration system, METACO Harmonize, to manage its digital asset operations.
UnionBank can improve insurability with additional FIPS 140-2 Level 4 certified physical controls to manage and migrate keys, reduce potential operational risk and loss incidents with trusted threshold signatures and hardening policies, and resolve issues with third-party audits Internal collusion in source code deployment. These capabilities are also supported by IBM Cloud Hyper Protect Services.
Metaco coordination Enables institutions to manage a range of end-to-end digital asset use cases from cryptocurrency custody and trading to tokenization, smart contract management and decentralized finance (DeFi). The launch of UnionBank follows METACO’s recent opening of its Asia Pacific headquarters in Singapore.
“We are proud to further expand our significant presence in Asia Pacific, partnering with Union Bank of the Philippines, a national leader in banking services. METACO continues to grow at a remarkable rate. With our recent opening of Asia Pacific in Singapore Headquarters, we can ensure that we continue to provide best-in-class service to Union Bank as well as other clients and partners in the region.”
– Patrick Enjalbal, VP Customer Success and General Manager, Asia Pacific, METACO
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