UnionBank’s Crypto Services Pilot Goes Live on METACO’s Harmonizeby Fintech News Philippines November 3, 2022
Digital asset technology provider METACO announced that UnionBank has gone live on its flagship platform to pilot the launch of crypto services for its clients.
UnionBank leverages Harmonize, METACO’s digital asset custody and orchestration platform, as a fully managed service deployed in the cloud, enabling it to manage governance and operations for the pilot.
The bank aims to enable clients to access digital currency custody and exchange services in their existing mobile banking app without opening or managing separate wallet services.
Harmonize will act as the foundational orchestration platform to support UnionBank as it readies itself for wider rollouts of its digital asset services.
“We are proud to continue UnionBank’s series of industry firsts, this time being the first regulated bank in the country allowing digital currency exchange feature for clients,”
said Henry Aguda, Chief Technology & Operations Officer and Chief Transformation Officer at UnionBank.
“Our bank-grade digital asset orchestration platform, Harmonize, provides UnionBank with the optionality to securely explore a range of retail and institutional digital asset use-cases, from crypto custody, investment and trading, to the fast-growing metaverse economy in the Philippines,”
said Seamus Donoghue, Chief Growth Officer at METACO.