August 9, 2022

Metaco partners with IBM for secure digital asset orchestration system

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Digital asset security infrastructure outfit Metaco has partnered with tech conglomerate IBM to utilize the latter’s cloud platform for enterprise-grade digital asset custody solutions.

According to a press statement issued on Thursday, Metaco will leverage IBM Cloud and IBM Cloud Hyper Protect Services for its digital asset orchestration system.

The goal of the partnership is to provide adequate digital asset custodial services for banks and other highly regulated financial services firms looking to participate in the digital asset ecosystem across use cases like tokenization, custody, and transaction management among others.

As part of the announcement, Metaco will reportedly utilize IBM’s confidential computing and “Keep Your Own Key”, or KYOK, encryption to ensure that the firm’s clients retain sole access to their private keys. The press statement also revealed that clients will be able to run the asset orchestration system on-site or on the cloud or via a hybrid cloud environment.

For Metaco, robust security-critical protocols like KYOK are necessary to protect client information while mitigating the risks posed by hackers.

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Published Date: Thu, 25 Mar 2021 05:00:00 +0000