IBM Cloud, which provide powerful security-critical technology for institutional investors, venturing into digital asset market is being used by Metaco
Metaco will use IBM Cloud to provide robust security-critical technology for institutional investors entering the digital asset space.
In alliance with IBM, digital asset security outfit, Metaco will utilize thee cloud platform for enterprise grade digital asset custody solution.
For the digital asset orchestration system, Metaco will leverage IBM cloud and IBM Cloud Hyper Protect services.
To provide digital asset custodial services for banks and other highly regulated financial services firms is the aim of the alliance of Metaco with IBM . These financial service firms or banks may wish to engage in the ecosystem of digital asset which may entail custody, tokenization, and transaction management.
IBM’s confidential computing and Keep Your Own Key or KYOK encryption will be utilized by Metaco in order to retain sole access to private keys. Through a hybrid cloud environment, or on site, clients will be able to run their asset orchestration.
In order to reduce the risk of hackers, the use of KYOK are necessary for the protection of the client and which will provide a powerful security.