Global Citi Bank Partners With METACO


On June 22, leading global
bank Citi selected METACO, a Switzerland-based crypto custody startup as their
strategic partner to develop and pilot digital asset custody capabilities.
This partnership brings
together METACO’s technology and digital solutions with the financial services
multinational Citigroup’s expansive custody network to develop a platform to
enable clients to store and settle digital assets flawlessly and safely.
To develop and pilot digital
asset custody capabilities, Citigroup expects to completely incorporate METACO’s
bank-grade digital asset custody and orchestration platform, Harmonize, into
its existing infrastructure.
“We are witnessing the
increasing digitization of traditional investment assets along with new native
digital assets. We are innovating and developing new capabilities to support
digital asset classes that are becoming increasingly relevant to our clients,”
said Okan Pekin, Global Head of Securities Services at Citi.
This strategic partnership empowers
Citi to stretch out its current capabilities to digital assets while utilizing its
current technological, operating, and servicing model. Citi’s extensive global
network, combined with the power of the Harmonize platform, will allow Citi to
expand safely and effectively into new markets while using its existing global
operations, technology, and risk frameworks. The technology capabilities created
under this collaboration will be a vital part of Citi’s Institutional Client
Group digital asset strategy.
Adrien Treccani, CEO and
Founder of METACO, commented, “We are pleased to team up with Citi, one of the
largest securities services firms, to support them in their vision to bridge
digital and traditional assets. This initiative is a market-defining moment for
institutional adoption of digital assets.”
The leading technology
provider to financial institutions in the digital asset ecosystem, METACO has
supported a few key executions, including FINMA, BaFin, FCA, Banco de España,
and MAS-regulated organizations.
With over US$27 trillion of assets
under custody, organization, and trust, and an industry-driving proprietary
network crossing 63 business sectors, Citi Securities Services gives their
customers inside and out transparent local market expertise, high-level processing
technologies, and a varied range of custody and fund services that can be
custom-made to address the needs of customers.

Joyashree Dey
CBW - External Analyst
INDIA