Integrating Cryptocurrencies into the German Banking System

Germany’s second largest banking group, DZ BANK Group, announced the integration of cryptocurrencies into its asset management services through a partnership with Metaco.
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Customers will use the Harmonize custodial platform to interact with new crypto products. According to the head of DZ Bank, Niels Kristopeit, the platform meets all the bank’s requirements in terms of security and scalability.

Founded in 2015, Swiss company Metaco provides enterprise-level solutions for interacting with digital assets. Its Harmonize platform is already used by Societe Generale, BBVA, DBS, Citigroup, UnionBank and BNP Paribas.

Previously, Germany’s DekaBank, with €363 billion in assets, selected Metaco’s technology to store and manage institutional digital assets.