Liechtenstein private bank VP Bank has partnered with Metaco, adopting its Harmonize platform to expand its digital asset custody and tokenisation services.
Following a five-month modernisation project, Harmonize is now a fully integrated managed service, built into VP Bank’s core system.
The partnership provides VP Bank with a scalable, secure digital asset IT infrastructure. Offering tokenisation services for physical collector items and art since 2021, the bank is now able to support tokenised financial assets and the minting, burning and storage of tokens.
Commenting on the partnership, Marcel Fleisch, chief product officer at VP Bank, says: “By partnering with Metaco to offer a secure and scalable platform to tokenise and custody all types of financial, digital and real-world assets, we take a new major step towards building VP Bank’s foundation of the future.”
Seamus Donoghue, chief growth officer at Metaco, adds: “The bank-grade orchestration capabilities of the Harmonize platform enable the secure management of a range of digital asset use cases, allowing banks and financial institutions to satisfy demand for new asset classes and expand their business model in any direction.”
