Citi Partners with METACO Blockchain Technology for Stocks: Revolutionizing Digital Asset Custody
Citi, one of the largest financial institutions in the world, has partnered with METACO, a Swiss technology firm, to create and pilot custody tools for digital assets. This collaboration brings together METACO’s technology and digital solutions with Citi’s expansive custody network to develop a platform to enable clients to store digital assets safely and efficiently.
Exploring Tokenized Securities: Blockchain-Based Bonds and Stocks
Citi's new partnership is aimed at exploring the capability of the custody platform on tokenized securities like blockchain-based bonds and stocks. The bank will explore the capability of the custody platform on tokenized securities like blockchain-based bonds and stocks. Citigroup’s new partnership is aimed at leveraging METACO's innovative Harmonize platform.
Citi & METACO: A Powerful Alliance in Digital Asset Management
Citi has teamed up with Swiss crypto custody player Metaco to develop and pilot digital asset custody capabilities. The partnership intends to develop a digital asset solution that meets the growing demand for secure and scalable digital asset custody services. This strategic alliance underscores Citi's commitment to innovation and its forward-thinking approach to the evolving financial landscape.
Integrating METACO Harmonize for Enhanced Custody
Citi intends to fully integrate METACO’s bank-grade digital asset custody and orchestration platform, Harmonize, into its existing infrastructure, to develop and pilot digital asset solutions. This integration will allow Citi to offer its clients a secure and compliant platform for managing their digital assets, including tokenized stocks and bonds.
The Future of Digital Asset Custody is Here
With this partnership, Citi is positioning itself at the forefront of the digital asset revolution. By leveraging METACO's blockchain technology, Citi is paving the way for a more secure and efficient future for digital asset custody, particularly for stocks and other tokenized securities. This move is expected to significantly impact the adoption of blockchain technology within the traditional financial sector.