METACO, the leading provider of security-critical digital asset infrastructure for financial institutions, today announced an oversubscribed funding round of $17 million. Giesecke+Devrient, the Germany based security technology company and one of the main central bank infrastructure partners, led the round which Standard Chartered Bank, Zürcher Kantonalbank, and investiere joined. All existing strategic shareholders, Swisscom, SICPA, Avaloq, and Swiss Post, increase their commitments.

Launched in 2018, METACO’s institutional operating system for digital assets, SILO, enables large financial institutions to securely integrate cryptocurrencies, tokens and distributed ledger use cases into their core infrastructure. Its unique framework for digital asset custody, transaction management, trading and tokenization has made it the leading choice for banks and exchanges. METACO has significant Tier 1 and Tier 2 bank implementations including FINMA, BaFin, Banco de España, ECB, and MAS regulated banks and exchanges.

“METACO not only secured an impressive round of funding but also has a number of significant partnerships and integrations coming down the pipeline” said Adrien Treccani, CEO and Founder of METACO. Read more about Metaco’s business in this interview with Adrien.

“Investors have an incredibly vast choice of cryptocurrencies and blockchain-based tokenization projects to choose from, and which of these will be successful in the long-term is still uncertain. But their common denominator is that all tokenized assets require an infrastructure to be safely stored by financial institutions. By providing this infrastructure solution, Metaco is in a strong position to become the standard crypto-custody solution for banks”, says Romeo Bütler, Investment Manager at investiere.

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