BBVA partners with Ripple’s Metaco to expand its crypto services in Switzerland
BBVA in Switzerland will migrate its crypto custody service to Metaco’s Harmonize platform. It also plans to expand its crypto trading services beyond Bitcoin and Ethereum. Ripple acquired Swiss-based Metaco in May 2023. BBVA in Switzerland , the Swiss arm of the Spanish banking giant BBVA, announced on Thursday that it had struck a partnership with blockchain platform Metaco. The collaboration will see BBVA use Metaco’s Harmonize platform to host its crypto custody service . This comes as the bank embarks on a new chapter in its crypto strategy and will help it expand its footprint amid growing demand from institutional clients. BBVA to expand trading beyond BTC. ETH Metaco, a Swiss-based digital assets custody platform founded in 2015, launched its Harmonize platform in 2021. Ripple, one of the leading crypto companies in the world and which created XRP, acquired Metaco in May 2023. Harmonize offers an institutional standard that financial...