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Jan 26, 2022
IHS Markit Partners with METACO to Provide a Unified Post-Trade Processing Solution for Digital and Traditional Assets
Partnership addresses accelerating market demand for
flexible, institutional-grade infrastructure for the integrated
management of asset classes
London - 26 January, 2021 — IHS Markit, a world
leader in critical information, analytics and solutions, today
announced a partnership with METACO, the leading provider of
security-critical software and infrastructure to Tier 1 banks in
the digital asset ecosystem. The partnership delivers best-in-class
post-trade securities processing capabilities in digital assets for
financial institutions.
As the institutional adoption of digital assets accelerates,
banks and financial institutions are hindered by the lack of
available institutional-grade infrastructure to fit their needs. To
address this need, IHS Markit's post-trade securities processing
platform is integrated with METACO Harmonize, a secure digital
asset orchestration system, to provide a single multi-asset
platform for financial institutions to securely custody and manage
digital assets alongside traditional assets. This integrated
platform provides access for institutional clients to a highly
scalable, multi-tenant software solution that secures, automates
and standardizes the trade, settlement and corporate actions
lifecycles.
"The partnership provides a seamless integration and
utilizes both firms' cloud first philosophy and infrastructure,
with IHS Markit's Integrated Message Bridge (IMB) providing the
gateway between the movement of traditional and digital assets,
while leveraging the industry standard messaging protocols inherent
within our post-trade securities platform," said Ankush
Zutshi, vice president, corporate actions and securities
processing, IHS Markit. "We are excited to partner with METACO
to provide a unified, integrated solution for the secure
orchestration of digital asset workflows and the safekeeping of
digital assets along with traditional."
METACO Harmonize enables institutions to securely manage any
end-to-end digital asset use cases from cryptocurrency custody and
trading to tokenization, smart contract management and
decentralized finance (DeFi). As the digital asset industry
matures, most organizations require optionality to reduce the risk
of third-party dependency, seeking to work with multiple vaults,
sub-custodians, and liquidity providers. METACO Harmonize delivers
the most flexible and secure custody solutions in the market in
combination with the secure orchestration of workflows across the
entire digital stack. It transforms the complexity of working with
multiple self-custody providers, custodians, and other solutions
into an end-to-end secure, highly scalable, and agile stack with
full distribution of all processes to eliminate any single point of
failure.
Seamus Donoghue, VP of Strategic Alliances METACO, said,
"There remain many frictions for banks and other large
financial institutions entering the crypto markets. METACO
Harmonize, our digital asset orchestration platform, is a unique
offering that ensures end-to-end security with no single point of
failure across all digital asset processes while delivering the
scalability and agility required by the world`s largest financial
institutions. Our partnership with IHS Markit integrates their
market-leading post-trade securities processing capabilities to
provide firms with the highest level of security while delivering
the flexibility and agility they need to successfully operate at
scale and with agility in the rapidly growing digital asset
industry."
The IHS Markit Securities Processing solution enables clients to
redefine their post-trade technologies and processes to gain a
competitive advantage, achieve market differentiation and
accelerate business growth. It allows users to replace multiple
applications and discrete processes with a cloud platform and
integrated post-trade framework that automates and standardizes
securities processing across the trade and settlement
lifecycle.
IHS Markit provides
industry-leading data,
software and technology platforms and
managed services to tackle some of the most difficult
challenges in financial markets. IHS Markit helps customers better
understand complicated markets, reduce risk, operate more
efficiently and comply with financial regulation.
About IHS Markit
IHS Markit is a global leader in information, analytics and solutions for the major industries and markets that drive economies worldwide. Our company partners with clients in business, finance and government to help them see the big picture with unrivaled insights that lead to well-informed, confident decisions. IHS Markit serves more than 50,000 key customers in over 140 countries, including 85 percent of the Fortune Global 500. Headquartered in London, IHS Markit (NYSE: INFO) is committed to sustainable, profitable growth.
About METACO
METACO is the leading provider of security-critical software and infrastructure enabling financial institutions to enter and capitalize on the burgeoning digital asset economy. The company is backed by top institutional shareholders and trusted by leading banks, custodians, exchanges and infrastructure providers globally.
Founded in 2015 in Switzerland, METACO brings together a diverse team of software, security, finance and cryptography specialists with close links to the banking, regulatory and academic sectors.
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