Metaco Welcomes UnionBank to the Client Roster
On Thursday, Metaco, a heavyweight in the enterprise cryptocurrency space, heralded the arrival of UnionBank as its latest client. Founded in 1982, UnionBank has grown to become a financial giant in the Philippines, boasting a remarkable $15 billion in assets under management. As part of this innovative venture, UnionBank is set to deploy its digital asset management services on the reliable IBM Cloud, seamlessly integrating Metaco’s pioneering solutions.
Securing Assets with FIPS 140-2 Level 4
This collaboration is not just about numbers; it’s about safety. With the integration of Metaco’s solutions, UnionBank will significantly bolster the insurability of its assets. They’ll achieve this by utilizing FIPS 140-2 Level 4 certified controls for the management and migration of cryptographic keys. This standard is like the gold star of U.S. government computer security, ensuring everything from detecting unauthorized access attempts to guarding against environmental data threats.
Unlocking Financial Potential
But wait, there’s more! Metaco’s offerings do not just stop at asset management; they extend to a plethora of financial use cases. Think trading, tokenization, smart contract governance, and even stepping into the fascinating world of decentralized finance. The silver lining here is that these tools will empower UnionBank to expand its capabilities and better serve its customers in a tech-driven landscape.
A Vision of Innovation
Henry Aguda, UnionBank’s senior executive vice president and chief technology & operations officer, expressed enthusiasm about this new partnership, stating, “We have a passion for meaningful and sustainable reinvention. We value our strategic partners, like METACO, and collaborate with them in an alliance that is meaningful in pursuit of a shared vision.” With such a forward-thinking approach, it’s clear that UnionBank’s vision is heavily rooted in customer-centric innovation.
Partnerships that Empower
This isn’t Metaco’s first rodeo. Last year, they initiated a partnership with IBM Cloud to deploy their digital asset management systems, indicating their strong commitment to enhance digital asset frameworks. Originating from Switzerland, Metaco has made quite a mark in just about eight years, previously securing a cool $17 million in Series A funding back in 2020.
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