Mercari, which operates a licensed Australian Tier 1 wholesale financial derivatives exchange, has selected METACO, a provider of digital asset custody orchestration technology to complex, global financial institutions, to launch its institutional digital asset custody operations.
Mercari is deploying its technology on IBM Cloud in order to leverage the confidential computing capabilities of IBM’s digital asset infrastructure.
Mercari has been developing a growing suite of crypto-asset investment services. In January, it launched the Mercari DAR Crypto Reference Rates, the first local and robust AUD crypto-asset benchmarks for the Australian and Asia markets.
To launch its institutional digital asset custody offering, Mercari will use METACO’s digital asset custody and orchestration platform, Harmonize, helping enable clients to securely store, trade, and settle digital assets. Harmonize was built in partnership with Tier 1 banks and offers the highest standards of security and compliance for Mercari to operate in the digital assets sector. This foundational infrastructure provides Mercari with the option to further expand its digital asset offering in the future, in a highly-scalable and efficient manner.