Liechtenstein’s VP Bank taps Metaco to expand custody and tokenization services

VP Bank, 1 of the largest banks successful Liechtenstein, partnered with volition consolidate its integer plus infrastructure supplier Metaco to consolidate its integer plus custody and tokenization operations. 

According to an announcement, VP slope volition usage Metaco's Harmonize level to grow its services and alteration enactment for tokenized plus minting, burning and storage. Marcel Fleisch, the main merchandise serviceman astatine VP Bank, said successful the announcement that their institution is rethinking wealthiness absorption utilizing a operation of accepted banking and integer ecosystems. Fleisch highlighted that this creates caller opportunities and services for their lawsuit base.

To optimise services successful the tract of  of creation and different carnal assets, VP Bank has partnered with @metaco_sa, the starring supplier of integer plus exertion infrastructure for regulated fiscal institutions.#tokenisation #technology #collaboration pic.twitter.com/nSuGrYrEsq

Metaco's main maturation serviceman Seamus Donoghue besides commented connected the collaboration. According to Donoghue, their level lets banks and different fiscal institutions conscionable the request for caller plus classes. The enforcement noted that this besides allows banks to grow concern models successful immoderate direction.

“We are arrogant that VP Bank, 1 of the largest banks successful Liechtenstein and a future-oriented slope for backstage clients and intermediaries, is present relying connected Metaco Harmonize to standard its integer plus custody and tokenization services,” Donoghue commented.

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Metaco has been expanding its beingness each implicit Europe, collaborating with cardinal players wrong the region. On Feb. 9, the token infrastructure supplier partnered with Germany's DekaBank to motorboat a blockchain-based level which is expected to beryllium released successful 2024.

On Feb. 23, Metaco collaborated with German plus manager DZ Bank to see integer currencies successful its plus absorption services. On Jan. 10, Metaco besides partnered with Togg, a Turkish automotive exertion firm, to unafraid its car mobility services powered by astute contracts.

Apart from Europe, the integer plus work supplier besides extended its arms to Southeast Asia. On Nov. 2, the institution assisted the UnionBank of the Philippines to motorboat custody and trading for Ether (ETH) and Bitcoin (BTC).

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