August 5, 2021

Swiss crypto prime brokerage Covario to use METACO Harmonize to scale operations

3 min read

METACO, a supplier of security-critical infrastructure for blockchain possessions, today announced that Covario, a Swiss-based crypto-asset prime brokerage service, has actually selected the METACO Harmonize platform to arrange and scale its digital property custody operations.

Harmonize will collaborate Covario’s existing vault and sub-custody solutions. Further, the platform will supply a consistent policy management framework for Covario’s stable of innovation services.

The majority of companies dealing with digital assets find that, as they grow, they need to deal with numerous vaults, sub-custodians, and liquidity providers, regardless of whether their focus is trading, custody, or tokenization. This emerging scenario develops institutional challenges in regards to security, and scalability; with a proliferation of access points deteriorating end-to-end procedures.

This was the experience of Covario, an independent prime broker for digital possession supervisors based in Zug; which presently supports numerous vault providers and sub-custodians, and connects to more than 20 exchanges and liquidity providers, a list that is growing continually.

As such, the company was searching for an option to manage this intricacy and alleviate the dangers in dealing with this growing ecosystem of partners and chosen METACO Harmonize as its digital possession orchestration engine. Harmonize function as the overarching policy layer to make sure tight management of Covario’s operations; combined with a single point of integration to its different internal systems.

“Covario’s focus has actually always been on supplying protected, reliable, quick, and compliant services to the institutional crypto market. With the vast group of electronic exchanges, 3rd-party custodians, financing pools, and alternative trading venues that we link to worldwide; we have actually been searching for a service to assist merge our policy management while boosting security and scalability. The METACO Harmonize product impressed us with its flexibility and sophistication, and is a best complement to our existing stable of leading institutional monetary technology options.”
– – Mark Banner, Covario Co-Founder

Harmonize

< img loading="lazy"class ="size-full wp-image-111045"src ="https://www.cryptoninjas.net/wp-content/uploads/metacoharm.png"alt =""width ="547" height="496"srcset ="https://www.cryptoninjas.net/wp-content/uploads/metacoharm.png 547w, https://www.cryptoninjas.net/wp-content/uploads/metacoharm-364x330.png 364w, https://www.cryptoninjas.net/wp-content/uploads/metacoharm-276x250.png 276w" sizes="(max-width: 547px) 100vw, 547px"/ > METACO Harmonize is a management system for digital properties. From cryptocurrency custody and trading to tokenization, staking, and clever agreement management.

METACO Harmonize is the ‘‘ orchestration layer’ for a variety of sub-products. The platform permits organizations to perfectly incorporate potential use-cases into their facilities. With versatile deployment choices including Software-as-a-Service (SaaS) and on-premise; METACO Harmonize guarantees there are no trade-offs in between security and dexterity for companies looking to organize a digital possession use case.

“We have actually seen first-hand how the arrangement of numerous vaults in addition to access to sub-custodians and liquidity venues is necessary to their operations; and how this has come at an expense in regards to loss of end-to-end control and increased systems combination overhead. As a result, we created METACO Harmonize; which enables clients such as Covario to continue to grow and manage their partner environment flexibly, financially and safely.”
– – Adrien Treccani, METACO CEO

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