Union Bank of the Philippines Taps METACO and IBM for Crypto Custody Business » CryptoNinjas

METACO, a provider of security software and infrastructure for the crypto-asset ecosystem, announced that Union Bank of the Philippines will deploy its digital asset management solution.

Additionally, UnionBank is deploying services on IBM Cloud to leverage the confidential computing power of IBM’s digital asset infrastructure fully integrated with METACO software.

One of the largest universal banks in the Philippines, UnionBank, which manages over $15 billion in assets, will leverage METACO Harmonize, METACO’s digital asset orchestration system.

UnionPay + METACO

UnionBank will increase insurability by adding FIPS 140-2 Level 4 certified physical controls to manage keys, reducing operational risk and loss incidents through trusted threshold signatures and hardening policies, and addressing internal collusion through third-party audited source code deployments sex.

METACO coordination The platform helps users manage a range of end-to-end digital asset use cases, from cryptocurrency custody and trading to tokenization, smart contract management, and Decentralized Finance (Decentralized Finance). The launch of UnionBank follows METACO opening its Asia Pacific headquarters in Singapore.

“We are proud to further expand our significant presence in Asia Pacific, partnering with Union Bank of the Philippines, a national leader in banking services. METACO continues to grow at a remarkable rate. With our recent opening of Asia Pacific in Singapore Headquarters, we can ensure that we continue to provide best-in-class service to Union Bank, as well as other clients and partners in the region.”
Patrick Enjalbal, VP Customer Success and General Manager, Asia Pacific, METACO

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