BBVA Boosts Its Crypto Services with Metaco’s Harmonie Platform
BBVA Switzerland has announced a major expansion of its partnership with Metaco, a Ripple-owned company that provides digital asset custody...
- BBVA Switzerland is expanding its partnership with Metaco, a Ripple-owned company that provides digital asset custody and tokenization solutions.
- BBVA will migrate its crypto operations to Metaco's Harmonie platform, which offers speed, efficiency, and top-tier governance.
- BBVA Switzerland was the first Eurozone tier-1 bank to offer cryptocurrency services to its individual clients.
- The bank has been exploring other use cases for digital assets, such as tokenization of real assets, decentralized finance, and central bank digital currencies.
- The migration to Metaco's Harmonie platform will enhance BBVA's crypto offerings and meet the growing demand from institutional clients.
- Metaco, acquired by Ripple for $250 million, has been collaborating with BBVA Switzerland since 2018.
- The partnership has enabled BBVA to integrate crypto services into its core banking system, ensuring compliance, security, and scalability.
- BBVA Switzerland's CEO highlights the transformative impact of their alliance with Metaco, offering clients a unique value proposition in the crypto space.
- Metaco's CEO expresses satisfaction with the partnership, supporting BBVA in their journey to embrace digital assets.
- The announcement of BBVA Switzerland's migration to Metaco's Harmonie platform reflects the growing adoption of digital assets by traditional finance.
The article showcases a positive sentiment overall, highlighting the expansion of BBVA Switzerland's partnership with Metaco and the benefits it brings in terms of speed, efficiency, and governance. The CEOs of both companies express satisfaction with the collaboration, emphasizing the transformative impact and the ability to offer enhanced services to clients.