The company will leverage IBM confidential computing capabilities to enable its clients to retain sole access to their crypto keys
METACO runs its platform on IBM Cloud. (Credit: Pexels from Pixabay)
Security-critical infrastructure provider METACO has partnered with IBM to leverage the technology firm’s confidential computing capabilities for its digital asset orchestration system.
The Swiss company will leverage the capabilities through IBM Cloud and IBM Cloud Hyper Protect Services.
Leveraging ‘Keep Your Own Key’ (KYOK) encryption and confidential computing capabilities from IBM, METACO intends to support its clients’ needs in highly regulated industries.
The solution allows its clients to retain sole access to their crypto keys and equips them with enhanced security capabilities to mitigate the risk of malicious actors manipulating workflows, viewing confidential data or getting access to assets.
METACO founder and CEO Adrien Treccani said: “IBM is one of the financial industry’s longest standing and most trusted technology providers, and we are proud to join forces to strengthen the offering of our custody solution and digital asset orchestration system for institutions.
“At METACO, we are constantly striving to innovate, expand and improve upon our service offerings. This integration will allow us to deliver greater levels of security and trust to our clients as they innovate in the digital asset space.”
METACO runs its platform on IBM Cloud, providing its traditional finance clients the benefits of increased security and scalability as they implement hybrid cloud strategies.
The company offers a solution for digital asset custody, transaction management, trading, and tokenisation for banks and exchanges.
It allows financial institutions to securely integrate cryptocurrencies, tokens, and distributed ledger use-cases into their core infrastructure.
Separately, IBM Security has launched new and enhanced services to enable organisations manage their cloud security strategy, policies and controls across hybrid cloud environments.
The expanded services, which bring together cloud-native, IBM and third-party technologies, are designed to help companies create a unified security approach across their cloud ecosystems.
The new and enhanced services include Cloud Native Security Services, Cloud Security Posture Management, Container Security and Cloud Security Strategy.