This partnership builds on the leadership and complementary core competencies of the three Swiss companies by combining best-in-class hardware security by Cysec, METACO’s leading crypto asset storage and management technology, SILO, and institutional-grade automated trading execution by AlgoTrader. Custodians can now seamlessly adopt this emerging asset class, while swiftly bridging between their traditional and crypto portfolios.
The announcement comes at a time of rapidly increasing institutional interest in digital assets. Financial intermediaries, such as banks, asset managers, and brokers are searching for technology solutions that allow them to safe-keep crypto assets with maximum security.
They need to manage them with familiar workflows and front-to-back office functionalities through their current service providers and within their existing systems infrastructure. In this regard, the three companies’ integrated ecosystem will benefit from global client networks in Switzerland, the US, and the APAC region.
The consortium highlights the good health of the Swiss fintech companies and their deepening footprint in the international digital asset management scene. Through this partnership, METACO, AlgoTrader and Cysec will forge product development and business development synergies that will reinforce their strategic positioning in Switzerland and internationally.
“We believe that to achieve a wider adoption of crypto assets, financial institutions need a solution to onboard, manage and trade crypto assets. By teaming up with both METACO and AlgoTrader, this consortium can provide such a fully integrated technology stack. Cysec will leverage its expertise in infrastructure security to establish the necessary layer of trust in Digital Asset custody and trading. We are excited to join forces with leading industry forces to further accelerate the adoption of crypto assets.”
said Patrick Trinkler CEO of Cysec SA.