As part of the deal, BBVA Switzerland has successfully migrated its digital assets operations to Metaco’s Harmonize platform, to facilitate enhanced speed, operational efficiency, and elevated governance standards within the bank’s digital assets ecosystem, according to Retail Banker International.
The solution, which is deeply integrated with Avaloq’s Crypto Assets platform and Core Banking system, is set to empower BBVA to fortify its digital asset and private key custody capabilities, enhancing security policies and operational flexibility.
This latest development to their offering will also support BBVA’s future business use cases in the digital asset space.
BBVA Switzerland has been a pioneer in the Eurozone, offering custody and trading services for cryptocurrencies alongside traditional assets. This extension signifies their commitment to advancing blockchain services, focusing on financial education in the digital asset sphere.
Metaco, on the other hand, is renowned for their institutional-grade digital asset custody and orchestration solutions. Their collaboration with BBVA Switzerland aligns with a longstanding history of partnership, aiming to provide cutting-edge infrastructure for digital asset management
Alfonso Gómez, CEO of BBVA in Switzerland, said, “Our partnership with Metaco will fully integrate our existing infrastructure within Avaloq. it allows us to stay ahead of the market, offering the most secure and compliant infrastructure”.
Adrien Treccani, Founder and Chief Executive Officer at Metaco, added, “Metaco and BBVA Switzerland have had a longstanding history of partnership. We are proud to bring our partnership to new heights.”
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