BCB Group Partnership with Metaco and Ripple

BCB Group, a provider of business accounts and trading services for the cryptocurrency sector, has teamed up with Metaco, a provider of digital asset infrastructure technology owned by Ripple.

It is noteworthy that the collaboration is focused on enhancing compliance, security, and operational efficiency in the company's asset custody area.

Additionally, BCB Group has migrated its custody operations to Metaco's flagship platform, enabling it to consolidate its custody technology infrastructure onto a single, robust platform, ensuring increased security and management of its digital asset operations.

The collaboration between BCB Group and Metaco, supported by IBM Cloud Hyper Protect services, aims to optimize performance and ensure comprehensive security for digital asset transactions.

"Our collaboration with Ripple, Metaco, and IBM Cloud is a significant step in this direction, as it enables BCB Group to continue providing top-quality services to the digital asset ecosystem in a smooth, secure, and cost-effective manner," said BCB Group Co-founder and CEO, Oliver Tonkin.

Aaron Sears, Senior Vice President of Global Partners and Customer Success at Ripple, stated that the partnership will help BCB Group "deliver institutional-grade custody platform" while enabling it to scale cryptocurrency services for its clients.

"A secure and versatile custody infrastructure is fundamental to scaling business models in the digital asset economy, while also allowing for rapid adaptation to existing or future regulatory requirements worldwide," Sears added.

It is worth noting that Metaco is gradually increasing its presence in the digital asset sector, while also partnering with Standard Chartered's Zodia Custody, an FCA-registered cryptocurrency custodian, to offer services to the company's clients.

Metaco has also collaborated with HSBC to debut cryptocurrency custody services for the banking giant's customers.

*This is not a financial advice