Vaud-based digital asset custody start-up METACO raises $17 millionWednesday 15 July 2020
METACO, the leading provider of security-critical digital asset infrastructure for financial institutions, has announced a Series A round of $17 million. This funding will drive the next phase of METACO’s growth in sales, product, and partnerships on an international level.
Launched in 2018, METACO’s institutional operating system for digital assets, SILO, enables large financial institutions to securely integrate cryptocurrencies, tokens, and distributed ledger use cases into their core infrastructure. Its unique framework for digital asset custody, transaction management, trading, and tokenization has made it the leading choice for banks and exchanges.
This $17 million funding round proves the continued support from existing investors (such as Swisscom, SICPA, Avaloq and the Swiss Post) combined with significant interest from new strategic partners in security technology, central bank infrastructure, Swiss and global banks, and venture firms focused on financial technology (such as German-based Giesecke+Devrient, Zürcher Kantonalbank and venture capital firm Investiere).
Commenting on the funding, Adrien Treccani, CEO and Founder of METACO, said, “I am really proud of our team and this funding round will push us to new heights. METACO not only secured an impressive round of funding, but also has a number of significant partnerships and integrations coming down the pipeline. I look forward to working with our new shareholders and encourage companies to get in touch to explore possible synergies.”
The Series A funding of the Vaud-based start-up will drive the next phase of its growth in sales, product, and partnerships. More specifically, METACO will be broadening its presence in the United States, South East Asia and Western Europe. Research and development are at the core of METACO’s business strategy, so it will significantly increase investment in R&D to remain as the leader in digital asset infrastructure.