The DZ Bank collaborated with a Swiss Technology Company named Metaco and added digital asset management into its services. It is the second–largest bank according to asset size and will facilitate the full integration of digital currencies as asset management services.
DZ Bank acts as the central institution for around 800 Cooperative banks and 8500 branch offices in the country. Thus, DZ bank functions both as a central institution and corporate & investment bank under the German Cooperative Financial Group which is German’s largest private sector financial service organization.
To facilitate this service DZ Bank collaborated with Metaco’s custody platform Harmonize. Through this collaboration, the bank would also be able to offer digital currencies for its institutional clients. Moreover, it aims to create durable and fast-growing business cooperation as an attractive solution for clients worldwide. Furthermore, it plans to address the requirements of digital currencies and decentralized financial instruments.
Metaco has been collaborating with multiple key players in Germany. Recently, at the beginning of the month, this digital asset management platform announced its partnership with German Deka Bank for launching a blockchain–based tokenization platform.
Besides, Germany, the digital asset management platform also collaborated with an automotive technology company in Turkey named Togg to secure its smart –contract based auto mobility services. Alongside, in November 2022, Metaco also collaborated with the Union Bank of Philippines to facilitate custody and trading services for Bitcoin.
