The collaboration broadens BBVA's services with crypto trading and traditional asset tokenization.
In 2021, BBVA led Eurozone banks in launching a Bitcoin trading and custody service.
BBVA
Switzerland has entered into a collaboration agreement with the blockchain company
Metaco to host its digital asset custody service on the Harmonize platform,
marking a notable step in its crypto strategy.
BBVA's
Strategic Partnership with Metaco
The
move emphasizes security standards and increased transactional agility. The
partnership also lays the foundation for BBVA to broaden its service offerings
in the future to cater to institutional clients.
Harmonize
trading capabilities open avenues for BBVA to introduce new services, such as
trading additional crypto assets beyond Bitcoin and Ether, or the potential
'tokenization' of traditional assets. Tokenization involves representing assets
on the blockchain to improve their management with traceability, security, and
transparency.
These
advancements empower BBVA to cater to the evolving needs of private banking
customers and institutional clients, including fund managers and large
corporations seeking digital business opportunities with agility, efficiency,
and adherence to security standards.
In
2021, Finance Magnates reported
that BBVA Switzerland had pioneered among major Eurozone banks by introducing a
Bitcoin trading and custody service, later
expanded to include Ether. The custody service has transitioned to Metaco's
Harmonize platform, providing enhanced operational flexibility, maximum
security, and connectivity to other blockchains beyond Bitcoin and Ethereum.
This positions BBVA to expand its services for institutional clients.
Within
this framework, transaction validation becomes more streamlined, and cryptoassets adhere
to the security standards mandated by regulators. In the upcoming months, these
assets will be stored in a 'cold wallet.' It will enhance security by isolating
them from the internet and external networks, residing in a physically secure
location to prevent unauthorized access.
Alfonso
Gómez, the CEO of BBVA in Switzerland, expressed: "Our partnership with
Metaco, fully integrated within Avaloq, allows us to stay ahead of the market,
offering the most robust and compliant platform."
Harmonize
Platform and Regulatory Requirements
Metaco,
a Swiss technology company specializing in digital asset infrastructure
solutions, is recognized for its institutional standard in blockchain
services. Harmonize serves as a popular platform for storing cryptocurrencies,
issuing tokenized assets, managing smart contracts, and connecting
organizations to the decentralized finance universe. The platform, integrated
into Avaloq’s Crypto Assets platform and Core Banking system, complies with regulatory
requirements.
Adrien
Treccani, the Founder and CEO of Metaco, said: “Metaco and BBVA Switzerland have had
a longstanding history of partnership, and we are proud to bring our
partnership to new heights, enabling awarded digital asset commercial offerings
that fit the unique requirements of individuals and institutions.”
BBVA
Switzerland has entered into a collaboration agreement with the blockchain company
Metaco to host its digital asset custody service on the Harmonize platform,
marking a notable step in its crypto strategy.
BBVA's
Strategic Partnership with Metaco
The
move emphasizes security standards and increased transactional agility. The
partnership also lays the foundation for BBVA to broaden its service offerings
in the future to cater to institutional clients.
Harmonize
trading capabilities open avenues for BBVA to introduce new services, such as
trading additional crypto assets beyond Bitcoin and Ether, or the potential
'tokenization' of traditional assets. Tokenization involves representing assets
on the blockchain to improve their management with traceability, security, and
transparency.
These
advancements empower BBVA to cater to the evolving needs of private banking
customers and institutional clients, including fund managers and large
corporations seeking digital business opportunities with agility, efficiency,
and adherence to security standards.
In
2021, Finance Magnates reported
that BBVA Switzerland had pioneered among major Eurozone banks by introducing a
Bitcoin trading and custody service, later
expanded to include Ether. The custody service has transitioned to Metaco's
Harmonize platform, providing enhanced operational flexibility, maximum
security, and connectivity to other blockchains beyond Bitcoin and Ethereum.
This positions BBVA to expand its services for institutional clients.
Within
this framework, transaction validation becomes more streamlined, and cryptoassets adhere
to the security standards mandated by regulators. In the upcoming months, these
assets will be stored in a 'cold wallet.' It will enhance security by isolating
them from the internet and external networks, residing in a physically secure
location to prevent unauthorized access.
Alfonso
Gómez, the CEO of BBVA in Switzerland, expressed: "Our partnership with
Metaco, fully integrated within Avaloq, allows us to stay ahead of the market,
offering the most robust and compliant platform."
Harmonize
Platform and Regulatory Requirements
Metaco,
a Swiss technology company specializing in digital asset infrastructure
solutions, is recognized for its institutional standard in blockchain
services. Harmonize serves as a popular platform for storing cryptocurrencies,
issuing tokenized assets, managing smart contracts, and connecting
organizations to the decentralized finance universe. The platform, integrated
into Avaloq’s Crypto Assets platform and Core Banking system, complies with regulatory
requirements.
Adrien
Treccani, the Founder and CEO of Metaco, said: “Metaco and BBVA Switzerland have had
a longstanding history of partnership, and we are proud to bring our
partnership to new heights, enabling awarded digital asset commercial offerings
that fit the unique requirements of individuals and institutions.”
Coinbase Comes Back Online after 3 Hours of Outage; Users Face Withdrawal Issues
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa