DekaBank oversees assets worth a total of 360 billion euros and is collaborating with METACO to offer crypto-based solutions to its institutional investors.
According to a press release on Tuesday, DekaBank has chosen Swiss crypto services company METACO to support and direct its operations for the custody and management of digital assets.
Product Owner Digital Assets Custody at DekaBank, Andreas Sack, said in a statement:
“Digital assets are a critical part of the future, a radical new way for how assets will be represented, from currencies to real estate. Today we make another important step towards laying the foundation for giving our institutional investors and millions of people in Germany access to this transformational opportunity. METACO is the right partner for DekaBank to create new services that are secure, compliant, and future-proof.”
CEO and Founder of METACO, Adrien Treccani also commented:
“This partnership continues to establish METACO as the leading custody and orchestration technology provider for global, regulated financial institutions looking to quickly scale institutional-grade digital asset servicing.”
About DekaBank
DekaBank is a German bank that is headquartered in Frankfurt. It was founded in 1956 and provides a range of financial services, including investment banking, asset management, and retail banking. The bank offers a variety of products, such as fixed-term deposits, funds, and bonds, as well as insurance products. DekaBank is a subsidiary of the German Savings Banks Association and serves retail and institutional clients both in Germany and internationally.
The bank is also a significant player in the area of public sector financing, providing financing solutions for public sector entities such as municipalities and federal states. DekaBank is committed to sustainability and offers environmentally and socially responsible investment options to its clients.
About METACO
METACO is a Swiss fintech company that provides institutional-grade infrastructure and solutions for digital asset management. The company was founded in 2015 and is headquartered in Zurich. METACO provides a range of services, including custody, trading, and settlement solutions, aimed at helping institutional clients securely manage and trade digital assets such as cryptocurrencies. The company’s offerings are designed to meet the specific requirements of institutional investors and are built with a strong focus on security, compliance, and efficiency. METACO works with a number of leading financial institutions and is recognized as one of the leading providers of digital asset infrastructure in Europe.
Asset management companies are increasingly involved in cryptocurrencies
Many asset management firms have started to offer investment products that provide exposure to the cryptocurrency market. These products can range from traditional investment funds that invest in companies involved in the cryptocurrency ecosystem to more direct investment products, such as exchange-traded funds (ETFs) that track the price of cryptocurrencies like Bitcoin. The growing interest in cryptocurrencies has led to a significant increase in demand for investment products that provide exposure to this asset class. Cryptocurrencies are still a relatively new and highly volatile asset class, and many asset management firms are still assessing the risks associated with investing in them.
Final Thoughts
The integration of cryptocurrencies into asset management portfolios will likely depend on several factors:
Firstly, the regulatory environment will play a critical role in determining how asset management firms can offer investment products that provide exposure to cryptocurrencies. Currently, there is a lack of clear guidelines in many jurisdictions, and firms will need to ensure that they are operating within the bounds of the law.
Secondly, asset management firms will need to assess the risk-return profile of cryptocurrencies and determine how they fit within their overall investment strategy.
Finally, the level of client demand for crypto investment products will also be a significant factor in determining how asset management firms approach this asset class.
The integration of cryptocurrencies into the asset management industry will likely be a gradual process, with firms taking a cautious approach while they gain a better understanding of this asset class.
Rickie Sanchez is an article writer specializing in cryptocurrency news. Since late 2017, he has been actively investing in cryptocurrencies. He is enthusiastic about everything that has to do with crypto and he hopes that the readers of his articles in the years to come will gain a massive understanding of blockchain technology.
