OneDegree, the first Asia-headquartered insurer to provide coverage for digital assets, has partnered with METACO, a provider of digital asset custody orchestration technology.
IntelIntelThe partnership sees OneDegree provide its pioneering digital wallet insurance product OneInfinity to financial institutions that leverage METACO’s flagship digital asset custody orchestration platform Harmonize.
METACO enables traditional banks of any size to enter the fast-growing digital asset market. OneInfinity provides peace of mind to these banks and their customers. The combination of bank and insurance offerings will be a driving force to take digital assets to the mainstream market. A recent survey found nearly 40% of banking industry respondents from around the world stated that they may begin providing crypto-asset services to their retail customers in 2022.
Backed by institutional investors such as SC Ventures by Standard Chartered, METACO has established itself as a market-leading digital asset technology provider to Tier 1 banks and regulated financial institutions globally, trusted by flagship custodians such as Citi, BNP Paribas, BBVA, and the Union Bank of the Philippines.
