METACO Partners with OneInfinity by OneDegree for Digital Asset Insurance

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OneDegree, the first Asia-based insurer to provide cover for digital assets, announces that it has entered into a strategic partnership with METACO, the market-leading provider of digital asset custody orchestration technology. As part of the partnership, OneDegree provides its OneInfinity digital wallet insurance product to financial institutions that operate Harmonize™, METACO’s flagship digital asset custody orchestration platform.

METACO enables traditional banks of all sizes to enter the growing digital asset market. OneInfinity provides peace of mind to these banks and their customers. The combination of banking and insurance offerings will be a driving force in bringing digital assets to the mainstream market. A recent survey revealed that almost 40% of banking sector respondents worldwide said they could start 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 for Tier 1 banks and regulated financial institutions globally, to which trusted by leading custodians such as Citi, BNP Paribas, BBVA and the Union Bank of the Philippines.

Harmonize enables institutional clients to securely store, exchange, issue and settle digital assets, including cryptocurrencies and digital securities, with Tier 1 banking-grade security and compliance standards.

OneDegree will work closely with METACO to customize digital asset portfolio insurance coverage and risk management solutions for its clients in Hong Kong and the wider Asia-Pacific region. Leveraging OneDegree’s expertise in crypto insurance and cybersecurity, the partnership is expected to bring best-in-class custody standards to the digital asset ecosystem. Accelerated insurance coverage backed by proven cybersecurity expertise and risk management capabilities will create a superior business value proposition, only available to institutions that hold digital assets using METACO’s technology.

Richard Swainston, Director of Business Development APAC at METACO, said, “Institutional adoption of digital assets is seeing exponential growth rates, both globally and in the Asia-Pacific region. METACO Harmonize was designed with the highest security standards in the market, and we are proud to see OneInfinity validate its architecture and principles by offering its flagship digital asset portfolio insurance product to METACO customers. OneInfinity is a pioneer in its field, and its unique service complements METACO’s solution, reinforcing its end-to-end value proposition for digital asset custodians.

Helen Ye, Chief Commercial Officer of OneDegree, added, “We are delighted to engage METACO in a strategic relationship. Given the evolving nature of the digital asset economy, companies large and small often struggle to manage emerging risks in their core businesses. A practical approach to mitigating emerging risks is to identify all perils and create a strong framework that monitors and operates insurance. This is exactly where OneInfinity’s technology-based insurance solutions can add value to both our customers and their end users.

About OneInfinity by OneDegree
OneInfinity by OneDegree provides digital asset insurance and risk management solutions on a global scale. By offering tailored insurance to end-to-end digital asset players (including trading platforms, custodians, asset managers, banks, family offices and technology providers), OneDegree reinforces the advantage competitive advantage of its clients by enabling them to implement best practices under a solid risk management framework and provide a safety net for their assets under custody.
OneInfinity is enabled by top-notch cybersecurity technology offered by Cymetrics, a sister company of OneDegree. OneInfinity insurance solutions are the services offered by Cymetrics, which examine the security of customers in terms of exposure to cyber, blockchain and digital asset risks from the perspective of hackers.
OneInfinity solutions include digital asset portfolio insurance (crime and cash) and corporate liability coverages (professional liability, directors and officers, investment management and cyber).
For more information visit https://oneinfinity.global/

About METACO
Founded in 2015 in Switzerland, METACO is a technology company whose mission is to enable financial and non-financial institutions to securely manage their digital asset business and capitalize on the thriving digital asset economy. The company’s flagship product, Harmonize, is an orchestration system for digital assets. From cryptocurrency custody and trading to tokenization, staking, and smart contract management, the platform seamlessly connects institutions to the new world of decentralized finance (DeFi).
METACO has established itself as the Tier 1 banking standard, endorsed by and in live production with global custodians, exchanges, and private and universal banks. Its software, technology and infrastructure solutions enable financial institutions to store, exchange, issue and manage digital assets, with the greatest possible security and agility.
For more information visit www.metaco.com

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