BCB Group Consolidates Custody and Governance of its Digital Asset Operations on Metaco
Lausanne, Switzerland and London – 9th April 2024 — Metaco (the Ripple-owned provider of digital asset infrastructure technology) today announced that BCB Group (a leading provider of business accounts and trading services for the digital asset economy) has successfully consolidated governance of its digital asset custody operations on Metaco’s flagship custody platform.
An established player in digital asset payments infrastructure, BCB Group is a leading provider of payments accounts and trading services for the digital asset economy, and serves institutional clients by providing business accounts, cryptocurrency and foreign exchange market liquidity for some of the world’s largest crypto-engaged financial institutions, including Bitstamp, Crypto.com, B2C2, Gemini, Kraken and more.
Migrating its operations from a third-party digital asset custody technology provider, BCB Group is now utilizing Metaco’s custody orchestration platform, in order to achieve the highest standards of compliance, security and agility. This allows BCB Group to consolidate its custody technology landscape into a single platform to secure and govern its digital asset operations. BCB Group will leverage this highly scalable and secure platform as a fully managed service deployed in the cloud, enabling the company to take its commercial offerings to the next level.
BCB Group is supported by IBM’s Cloud Hyper Protect Services. When paired with Metaco’s custody platform, this infrastructure is designed to help institutions deliver optimized performance, improve resource use and build a tamper-proof, trusted execution environment for digital asset transactions, ensuring end-to-end security via data encryption and isolation of customer environments.
BCB Group Co-founder and CEO, Oliver Tonkin, commented: “We continue to empower new global financial ecosystems, by connecting the global crypto industry. This new era of value exchange can only be achieved by developing strong institutional foundations today. Our collaboration with Ripple, Metaco and IBM Cloud is a paramount step in that direction, as it enables BCB Group to continue delivering superior top tier services to the digital asset ecosystem, in a seamless, secure and affordable way. This ties in perfectly with our pending authorisation by the ACPR and the AMF respectively to act as an E-Money Institution and Digital Assets Services Provider in France, enabling us to deepen our institutional product offering within the EEA.”
Aaron Sears, SVP of Global Partner and Customer Success at Ripple, commented: “We are thrilled to collaborate with BCB Group to provide an institutional-grade custody platform, enabling BCB Group to scale digital asset services for clients, while maintaining superior regulatory compliance and security standards. A secure and versatile custody infrastructure is foundational to scaling business models in the digital asset economy while being able to promptly comply with existing or yet-to-come regulatory requirements across the globe.”
Metaco is part of Ripple, the leader in enterprise blockchain and crypto solutions. Best known for its flagship payments products, Ripple was the first company to address the multi-trillion dollar pain points in cross-border payments utilizing blockchain and cryptocurrency.
ENDS
About BCB Group
BCB Group is a leading crypto-dedicated payment services provider, serving many of the industry’s largest clients including Bitstamp, Crypto.com, Gemini and Kraken. BCB Group provides payment services in over 30 currencies, FX, cryptocurrency liquidity, digital asset custody and BLINC, which is BCB’s free, instant settlements network for the BCB client ecosystem.
Responding to corporate and institutional demand for essential and excellent infrastructure in digital asset markets, BCB Group was created by established thought leaders in finance, regulation and technology. Founded in the UK and developed to encompass key relationships across global financial services communities, BCB Group is well positioned as one of the first multi-jurisdictional regulated cryptocurrency service firms. BCB Group’s leadership executive team have worked for Barclays, Bitstamp, Coinbase, Credit Suisse, Deutsche Bank, FIS, Goldman Sachs, JP Morgan, Investec, Lloyds Commercial Bank, Luno, Norton Rose Fulbright, FIS and Sun Life of Canada.
BCB’s mission is to connect and bank the global crypto industry.
About Metaco
Founded in 2015 in Switzerland, Metaco is an enterprise technology company whose mission is to enable financial and non-financial institutions to securely build their digital asset operations. The company’s core product, Harmonize™, is a mission-critical orchestration platform for digital assets. From asset-agnostic custody and trading to tokenization, staking and smart contract management, the platform seamlessly connects institutions to the broad universe of decentralized finance (DeFi) and decentralized applications (Web3 Dapps).
Metaco has established itself as the institutional standard for digital asset infrastructure, trusted by the world’s largest global custodians, banks, regulated exchanges, and corporates. Its software and technology solutions enable institutions to store, trade, issue and manage any type of digital asset — such as crypto and digital currencies, digital securities, and non-fungible tokens (NFTs) – with the highest possible security and agility.
Metaco is part of Ripple, the leader in enterprise blockchain and crypto solutions.
Media Contacts – BCB Group
Sam Shrager
[email protected]
Media Contacts – Metaco
Megan Katz
[email protected]
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