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“With the recent launch of our APAC headquarters in Singapore, we will make sure that we tend to still provide best-in-class services to UnionBank and alternative purchasers within the region,” says St. Patrick Enjalbal, VP client Success manager of the Asia-Pacific region at Metaco.

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On Thursday, Metaco, an associate enterprise cryptocurrency platform for securing, trading, issuing, and managing digital assets, proclaimed the addition of UnionBank as its latest consumer. based in 1982, UnionBank is one of the most important banks within the Philippines, with a collective $15 billion in assets below management. UnionBank is even be deploying its digital plus management services on the IBM Cloud, that square measure integrated with Metaco’s solutions.

Through the combination, UnionBank is ready to improve the eligibility of assets with FIPS 140-2 Level four certified controls for managing and migrating keys. FIPS 140-2 is the highest level of U.S. government pc security standards. additionally to detective work and responding to any or all unauthorized tries at physical access, the protocol conjointly protects against environmental factors that cause information loss or leak.

At a similar time, Metaco’s solutions change use cases for monetary establishments, like commerce, tokenization, sensible contract management, and participation in decentralized finance. Henry Aguda, UnionBank’s Senior govt VP, Chief Technology & Operations Officer, and Chief Transformation Officer, issued the subsequent statement concerning the development:

We have a passion for substantive and property reinvention. we tend to worth our strategic partners, like METACO, associated collaborate with them in an alliance that’s substantive in pursuit of a shared vision. And for UnionBank, that common vision is customer-centricity driven by rising technologies and innovation.

Last year, Metaco fashioned a partnership with IBM Cloud to deploy its digital plus management system on the latter. based on the brink of eight years past in Swiss Confederation, Metaco antecedently closed a Series A funding for $17 million in late 2020.

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