Securities Finance Industry News | IHS Markit partners with METACO to manage digital assets alongside traditional assets

IHS Markit partners with METACO to manage digital assets alongside traditional assets

IHS Markit has partnered with METACO, a security software provider, to provide a single, multi-asset platform for financial institutions to manage digital assets alongside traditional assets.

As part of the mandate, IHS Markit’s securities processing solution will be integrated with METACO Harmonize, a secure digital asset solution that secures, automates and standardizes the lifecycles of securities transactions, settlements and operations.

The IHS Markit Securities Processing solution enables clients to replace multiple discrete applications and processes with a cloud-based platform and integrated post-trade framework, while METACO Harmonize enables institutions to securely manage all securities use cases. end-to-end digital assets – from cryptocurrency custody and trading to tokenization, smart contract management and decentralized finance.

Both solutions will work together with the help of IHS Markit’s Integrated Message Bridge (IMB).

As institutional adoption of digital assets accelerates, banks and financial institutions are hampered by the lack of institutional-grade infrastructure available to support their needs, says IHS Markit.

As the digital asset industry matures, most organizations need options to reduce the risk of reliance on third parties, seeking to work with multiple vaults, sub-custodians and liquidity providers, he adds. -he.

METACO Harmonize is designed to transform the complexity of working with multiple self-custody providers, custodians and other solutions into a secure end-to-end stack with full distribution of all processes to mitigate single points of failure.

Ankush Zutshi, Vice President, Corporate Actions and Securities Processing, IHS Markit, said, “We are delighted to partner with METACO to provide a unified and integrated solution for secure orchestration of digital asset workflows and safekeeping. digital assets with traditional assets. ”

Seamus Donoghue, Vice President of Strategic Alliances at METACO, comments: “METACO Harmonize, our digital asset orchestration platform, is a unique offering that provides end-to-end security with no single point of failure across all workflows. digital assets.

He adds, “Our partnership with IHS Markit integrates their market-leading post-trade securities processing capabilities to provide businesses with the highest level of security while providing the flexibility and agility they need to operate with success at scale and with agility in the growing digital world. asset industry.

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