UnionBank of the Philippines Picks IBM and Metaco for Crypto Custody on January 20, 2022 at 6:00 am.
“They can leverage the existing stack, existing run capabilities to manage Metaco vaults directly from existing infrastructure. And we have a number of other similar deals in the pipeline, leveraging our combined capabilities.”
IBM has traditionally been a stalwart of enterprise blockchain: private ledgers running inside the firewalls of companies involved in supply chains and the like.
But Big Blue has now begun applying its key management know-how to public crypto.
This includes IBM Cloud Hyper Protect Crypto Services built on IBM’s hardware security modules, according to a press release.
UnionBank, which has over $15 billion in assets under management, has been a tireless explorer of cryptocurrency initiatives including doing blockchain payments with Visa, remittances in partnership with Ethereum developer ConsenSys and even launching a stablecoin.
“We have the passion for meaningful and sustainable reinvention.
Leveraging IBM’s key management capabilities, Metaco’s Seamus Donoghue said there are a number of similar deals in the pipeline.Read MoreCoinDesk
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