The ecosystem allows financial institutions to manage these assets across an asset’s entire life-cycle, from secure storage and management to automated trading and execution.
The trio wants to build on what they believe to be complementary core competencies of their specific niches—hardware security by Cysec, METACO’s crypto asset storage and management, and finally, AlgoTrader’s automated institutional-grade trading solution, SILO.
The idea is to offer a seamless way to adopt an emerging asset class, and to bridge their traditional and crypto portfolios.
The announcement comes at a time of rapidly increasing institutional interest in digital assets. Financial intermediaries, such as banks, asset managers, and brokers are searching for technology solutions that allow them to safe-keep crypto assets with maximum security. They need to manage them with familiar workflows and front-to-back office functionalities through their current service providers and within their existing systems infrastructure.
Adrien Treccani CEO and Founder of METACO said:
“We are heading towards the tokenization of our economy; ensuring that its foundations are secure and integrated is not an option, it is imperative. “
Andy Flury CEO and Founder of AlgoTrader added:
”The basis of a great ecosystem is a large opportunity that pushes partners together to pursue the same long-term goals to help institutionalizing the crypto asset industry.”
Featured image credit: Photo (from left to right): Yacine Felk, COO & Co-Founder (Cysec SA), Patrick Trinkler, CEO & Founder (Cysec SA), Patrick Mehrhoff, CMO (AlgoTrader AG), Seamus Donoghue, VP Business Development (METACO SA), Andy Flury, CEO & Founder (AlgoTrader AG), Lourdes Monso, Marketing Manager (METACO SA), Olivier von Schulthess, Head of Sales EMEA (AlgoTrader AG)