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BBVA Switzerland selects Ripple-owned Metaco to power digital asset operations

BBVA Switzerland, the Swiss subsidiary of the Spanish banking behemoth BBVA, has announced a strategic partnership with Ripple-owned Metaco to build its digital asset operations via the latter’s Harmonize platform, according to a social media announcement. BBVA’s Swiss unit is the latest in a string of prestigious banks that have entered deals with Metaco in recent months. HSBC is set to launch a custody service for tokenized securities in collaboration with Metaco by 2024. The service will initially be geared toward institutional clients. These partnerships reflect Metaco’s expanding role in facilitating the digital asset endeavors of leading financial institutions.

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