- Ripple’s acquisition of custodial solutions provider Metaco has led to a partnership with GFT to offer customizable and secure digital asset solutions for various companies, including banks, stores, and factories.
- Metaco’s Harmonize platform, integrated with GFT’s smart contract and DLT network development services, provides tailored tokenization and digital assets custodial services.
The global financial ecosystem is set to undergo a major transition as assets of different kinds are set to go digital over the next ten years. As a result, companies are building a seamless and cost-effective path toward making enterprises secure, highly customizable, efficient tokenization and digital assets custodial solutions.
Ripple’s recently acquired custodial solutions provider Metaco joined hands with GFT. As part of this partnership, Metaco’s Harmozie platform will integrate with GFT’s award-winning smart contract, DLT network development, and integration services. Harmonize is Metaco’s secure, configurable, and versatile platform for institutional digital asset management.
These two companies together will offer digital asset solutions for use by different types of companies, including banks, stores, and factories. These solutions allow companies to include digital assets in their operations, like managing their money. They can also create personalized digital asset services while maintaining complete control over their assets and how things are done. Speaking on the development, David Creer, Global DLT, Crypto and E-money Lead at GFT said:
No business, no matter in what industry, will be successful in the long run if it doesn’t leverage the potential of distributed ledger technology. But there still are challenges – among them making sure that custody solutions are a perfect fit for any given use case, that wallet management and associated systems are safe, and keeping costs down. We aim to change that.
Offering Cost-Effective, Customizable, and Secure Solutions
These integrated solutions from Metaco and GFT are customizable since its possible to configure the modular platform Harmonize to offer tailored tokenization and digital assets custodial services fit for institutions’ target operating model.
It can handle different types of digital assets securely, thanks to Metaco’s strong security measures. On the other hand, GFT’s expertise in DLT and crypto projects ensures a smooth and quick implementation process.
The collaboration between Metaco and GFT aims to assist companies in starting their digital asset journey, improving their services, and increasing their competitiveness. Furthermore, this offering is suitable for various types of companies at different stages of development, ranging from crypto startups to established digital asset custodians, banks, and corporations.
Also, GFT and Metaco have already worked together effectively for multiple clients, including Togg, VP Bank, and other regulated financial service institutions. Speaking on the development, Seamus Donoghue, Chief Growth Officer at Metaco said:
This partnership makes it easy for companies to unlock the benefits of the token economy and build business models on top of robust and secure digital asset custody and smart contract management services.
It’s just last month that Ripple acquired Swiss custodial solutions provider Metaco in a $250 million deal. This comes as part of Ripple’s strategy to diversify custodial solutions. The two players – Ripple and Metaco – have a strong history of working together with regulated entities and securing enterprise-grade solutions.
