Citibank, one of the largest banks in the world, has partnered with Switzerland-based company Metaco to develop a crypto custody service.
According to a recent statement over $27 trillion Citibank, which keeps the asset under surveillance, has partnered with Metaco and named “Harmonized”. cryptocurrency storage platform He said he plans to incorporate it fully into the company.
Citi Securities Services Global President Okan Pekin made the following statements in his statement on the subject:
We support digital assets, innovate and add new features for our customers.
Metaco’s formerly for several banks, including BBVA and GazpromBank crypto custody service is stated. Also, the company of world banks forming the infrastructure IBM’s also with the digital asset division working together.
Known as a digital asset custody service, “Custody” is considered safer by institutional investors. It is a highly demanded service.. It has also previously been associated with cryptocurrencies. Citi participated in the funding round of US crypto firm Talos.