DekaBank taps Metaco for digital asset custody platform Harmonize
Germany’s DekaBank has selected digital asset software and infrastructure provider Metaco to manage its digital asset custody operations.
DekaBank taps Metaco for digital asset custody platform, Harmonize
DekaBank, which provides securities services and capital market solutions to the German Savings Banks Finance Group (Sparkassen-Finanzgruppe), will deploy Metaco’s custody and orchestration platform, Harmonize.
The platform will enable DekaBank to offer digital asset custody services, such as custody of cryptocurrencies and digital securities, in “a safe and compliant” manner to its network of savings banks –– shored up with the highest standards of security, Metaco says.
Andreas Sack, product owner digital assets custody at DekaBank, says digital assets are a “critical part of the future”.
“Today we make another important step towards laying the foundation for giving our institutional investors and millions of people in Germany access to this transformational opportunity,” Sack adds.
With total customer assets of €363 billion under management and more than 5.2 million securities accounts, DekaBank is one of the largest securities services providers and real estate asset managers in Germany.
