UnionBank of the Philippines Picks IBM and Metaco for Crypto Custody

Posted on by American Coins & Gold

UnionBank of the Philippines Picks IBM and Metaco for Crypto Custody
Crypto-friendly UnionBank of the Philippines will be using cryptocurrency safekeeping technology from IBM and Swiss custody specialist Metaco, the companies said Thursday.Metaco has been providing the back-end crypto custody capabilities in Switzerland for banks like BBVA and GazpromBank since as far back as 2018. Since many of the world’s banks are already clients of IBM, the partnership with Metaco, announced in March of last year, makes for an even more compelling package, said Seamus Donoghue, Metaco’s VP of business development.“Think of all the tier-one banks in the market, they’re probably all IBM clients, many of them strategic clients,” said Donoghue…