BCB Group Enhances Digital Asset Custody with Metaco Partnership

BCB Group, a provider of business accounts and trading services for the crypto sector, has joined forces with Metaco, a Ripple-owned digital asset infrastructure technology provider.

Notably, as per a release, the collaboration is focused on heightened compliance, security, and operational efficiency within the firm’s custody landscape.

Additionally, BCB Group has transitioned its custody operations onto Metaco’s flagship custody platform, which empowers it to consolidate its custody technology infrastructure onto a single, robust platform, ensuring enhanced security and governance over its digital asset operations.

BCB Group’s collaboration with Metaco, supported by IBM’s Cloud Hyper Protect Services, is forged to optimize performance and ensure end-to-end security for digital asset transactions.

“Our collaboration with Ripple, Metaco and IBM Cloud is a paramount step in that direction, as it enables BCB Group to continue delivering superior top tier services to the digital asset ecosystem, in a seamless, secure and affordable way,” said BCB Group Co-founder and CEO, Oliver Tonkin.

Aaron Sears, SVP of Global Partner and Customer Success at Ripple, said that the partnership will help BCB Group “provide an institutional-grade custody platform” while allowing it to scale crypto services for its clients.

“A secure and versatile custody infrastructure is foundational to scaling business models in the digital asset economy while being able to promptly comply with existing or yet-to-come regulatory requirements across the globe,” Sears added.

It is important to note that Metaco has gradually started to increase its presence in the digital asset sector while partnering with Standard Chartered’s Zodia Custody, an FCA-registered crypto custodian, to offer services to the firm’s clients.

Metaco also collaborated with HSBC to debut crypto custody services for the banking giant’s customers.