BNP Paribas Securities Services partnered with Fireblocks and Metaco to develop its new digital asset custody offering

Source: shutterstock.com

The largest French bank holding BNP Paribas established a partnership with fintech providers Fireblocks and Metaco, as reported by Fintech Futures. The new custody solution will allow clients to issue, transfer and securely keep regulated digital assets.

Fireblocks is leading digital asset custody, transfer and settlement platform. The fintech will benefit the project with its hot wallet, tokenisation and connectivity infrastructure layer. Fireblocks Wallet-as-a-Service will help BNP Paribas Securities Services to experiment with the settlement and custody of regulated security tokens. In fact, the live experiment on the settlement and custody of a non-listed digital bond in the French market has already been completed.

Metaco has established itself as the Tier 1 banking standard, cooperating with global custodians, exchanges, as well as private and universal banks. Its software, technology and infrastructure solutions are enabling financial institutions to store, trade, issue and manage crypto and digital assets. Besides, the fintech ensures full regulatory compliance globally.

Thus, Metaco will integrate its digital asset custody and orchestration platform into the French bank’s existing infrastructure. The platform will underpin the bank’s institutional custody offering and unify governance across its multiple systems, allowing institutional clients to store, issue and settle digital securities alongside their traditional assets.

SEE MORE:

BNP Paribas completes transfer of global prime finance from Deutsche Bank

Not Apple Pay: Juniper Research ranked a leading digital wallets provider

Another major Korean bank will provide crypto custody services