Most organisations working with Digital Assets find that, as they mature, they need to work with multiple vaults, sub-custodians, and liquidity providers, irrespective of whether their focus is trading, custody, or tokenization. This emerging situation creates institutional challenges in terms of security, and scalability, with a proliferation of access points weakening end-to-end processes.
This was the experience of Covario, an independent prime broker for digital asset managers based in Zug, which currently supports multiple vault providers and sub-custodians, and connects to more than 20 exchanges and liquidity providers, a list that is growing continually.
As such, the firm was looking for a solution to manage this complexity and mitigate the risks in working with this growing ecosystem of partners and selected METACO Harmonize as its digital asset orchestration engine. Harmonize acts as the overarching policy layer to ensure tight management of Covario’s operations, coupled with a single point of integration to its various internal systems.
Mark Banner, Covario Co-Founder, commented: “Covario’s focus has always been on providing secure, reliable, fast and compliant services to the institutional crypto market. With the vast group of electronic exchanges, 3rd-party custodians, financing pools, and alternative trading venues that we connect to globally, we have been searching for a solution to help unify our policy management while enhancing security and scalability. The METACO Harmonize product impressed us with its flexibility and sophistication and is a perfect complement to our existing stable of leading institutional financial technology solutions.
Adrien Treccani, METACO CEO, added: “Over the past five years, in working closely with many of the largest and most sophisticated organizations in the field, we have seen first-hand how the provision of multiple vaults, as well as access to sub-custodians and liquidity venues, is essential to their operations, and how this has come at a cost in terms of loss of end-to-end control and increased systems integration overhead. Consequently, we created METACO Harmonize, which allows customers such as Covario to continue to grow and manage their partner ecosystem flexibly, economically and securely.”
METACO Harmonize is the orchestration layer for a range of subproducts that allow institutions to seamlessly integrate potential future use-cases into their infrastructure as they evolve. With flexible deployment options including Software-as-a-Service (SaaS) and on-premise, METACO Harmonize ensures there are no trade-offs between security and agility for every firm, large or small, looking to build a digital asset use case.
Based in Switzerland, Covario AG is an independent prime broker for digital asset managers. It offers trade execution services including direct market access, best execution, and OTC trading, alongside lending, margin financing, custody, and capital introduction. The team unites decades of experience building large-scale trading and risk management systems with a deep understanding of the asset management industry.
For more information, please visit www.covar.io or email email@example.com
METACO is the leading provider of security-critical infrastructure enabling financial institutions to enter the digital asset ecosystem. The company is trusted by top banks, exchanges and infrastructure providers globally.