Digital Asset Security Firm METACO Adds Services, Makes Hires
METACO,a provider of security-critical infrastructure to the digital asset ecosystem, has launched METACO Harmonize, an end-to-end digital asset orchestration system for institutions.
The launch of METACO Harmonize, a highly robust and scalable orchestration system for digital asset applications, caters to growing demand for institutional-grade infrastructure to manage a range of end-to-end digital asset use cases from decentralized finance (DeFi), to tokenization, cryptocurrency custody, and smart contract management.
“The launch of METACO Harmonize is driven by the exponential growth of the digital asset economy, from an increase in the number and types of assets which are being tokenized, an increase in the number of counterparties trading those assets, and an increase in the relevance of decentralized finance applications,” founder and CEO Adrien Treccani said. “As a result, our customers are faced with progressively complex needs regarding the storage, trading, tokenization, and staking, but also regarding advanced DeFi use cases and growing regulatory requirements; orchestration of these many new capabilities and interactions has become an inevitable need. METACO Harmonize was developed together with our customers and provides institutions with a platform which will enable them to scale their digital asset operations with the requisite flexibility.”
METACO Harmonize is the orchestration layer for a range of subproducts that allow institutions and firms of all sizes to integrate potential future use cases into their infrastructure as they evolve. This suite of subproducts includes METACO Vaults, an institutional-grade self-custody solution; METACO Flows, offering connectivity to a network of trusted sub-custodians; METACO Trades, connecting the largest exchanges, brokers, and market makers in an order management system; and METACO Tokens, enabling access to the DeFi industry through a smart contract management framework supporting asset tokenization, peer-to-peer trading, and more.
METACO Harmonize offers enterprise-ready product suites to fit specific digital asset use cases and facilitate rapid deployment including banking and finance, custodian, exchanges and treasury. With flexible deployment options including Software-as-a-Service (SaaS) and on-premise, METACO Harmonize ensures there are no trade-offs between security and agility for every firm, large or small looking to unlock the digital asset market opportunity.
In addition to its product launch, METACO also announced the appointment of two senior hires, as the company builds out its business development and delivery network subsequent to the completion of its $17 million Series A round in 2020. Andre Israel, formerly managing director and head of core banking at Accenture, joins as COO. Craig Perrin is vice president of sales, after serving as global head of sales for Standard Chartered Bank and regional head of securities services in the Americas.