Hong Kong-based OneDegree will provide digital asset insurance to Metaco's custody and platform clients.
Metaco customers include BNP Paribas and Citibank.
Standard Chartered-backed crypto infrastructure provider Metaco has teamed up with insurer OneDegree to provide insurance to digital custody users. The deal will see OneDegree provide digital wallet insurance to financial institutions using Switzerland-based Metaco’s Harmonize custody platform, according to a release from the companies.on developing custody and trading platforms for regulated financial institutions, including BNP Paribas and Citigroup, tapping the market for such services as banks and asset managers move into crypto.
Providing institutional-grade crypto custody services is a growing market at the moment. BNY Mellon, the world's largest custodian bank, last month
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