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METACO partners with OneInfinity by OneDegree for digital asset insurance

OneDegree, the first Asia-headquartered insurer to provide coverage for digital assets, announces that it has entered into a strategic partnership with METACO, the market-leading provider of digital asset custody orchestration technology. The partnership sees OneDegree provide its pioneering digital wallet insurance product OneInfinity to financial institutions that leverage METACO’s flagship digital asset custody orchestration platform Harmonize™.

METACO enables traditional banks of any size to enter the fast-growing digital asset market. OneInfinity provides peace of mind to these banks and their customers. The combination of bank and insurance offerings will be a driving force to take digital assets to the mainstream market. A recent survey found nearly 40 percent of banking industry respondents from around the world stated that they may begin 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 to Tier 1 banks and regulated financial institutions globally, trusted by flagship custodians such as Citi, BNP Paribas, BBVA, and the Union Bank of the Philippines.

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

OneDegree will work closely with METACO to tailor tech-enabled digital asset wallet insurance coverage and risk management solutions for its clients in Hong Kong and the broader Asia Pacific region. Leveraging OneDegree’s expertise in crypto insurance and cybersecurity, the partnership is expected to bring best-in-class safekeeping standards to the digital asset ecosystem. Accelerated insurance coverage backed by distinguished cybersecurity expertise and risk management capabilities will create a superior commercial value proposition, uniquely available to those institutions that custody digital assets using METACO’s technology.

Richard Swainston, Business Development Director APAC at METACO, said, “Institutional adoption of digital assets is seeing exponential rates of growth, both globally and in the Asia Pacific. METACO Harmonize was built with the highest market-rated security standards at its core, and we are proud to see OneInfinity validating its architecture and principles by offering its flagship digital asset wallet insurance product to METACO’s clients. OneInfinity is a pioneer in its field, and its unique service complements METACO’s solution, strengthening 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, organizations large or small often struggle to manage the emerging risks in their core businesses. A practical approach to mitigate emerging risks is to identify all the perils and create a robust framework that monitors and leverages insurance. This is exactly where OneInfinity’s tech-enabled insurance solutions can add value both to our clients as well as their end users.”

About OneInfinity by OneDegree
OneInfinity by OneDegree offers tech-enabled digital asset insurance and risk management solutions globally. By offering tailor-made insurance to end-to-end digital asset players (including trading platforms, custodians, asset managers, banks, family offices and technology providers), OneDegree strengthens its clients’ competitive edge by enabling them to implement best practices under a robust risk management framework and secure a safety net for their assets under custody.
OneInfinity is enabled by first-in-class cybersecurity technology offered by Cymetrics, a sister company of OneDegree. OneInfinity insurance solutions bundle services offered by Cymetrics, which examine the security of clients in terms of exposure to cyber, blockchain and digital asset risks from the perspective of hackers.
OneInfinity solutions include digital asset wallet insurance (crime, and specie) and corporate liability coverages (Professional Indemnity, Directors & Officers, Investment Management and Cyber).
For more information, visit https://oneinfinity.global/

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 burgeoning digital asset economy. The company’s core 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, trusted 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, trade, issue and manage digital assets, with the highest possible security and agility.
For more information, visit www.metaco.com

Read More: METACO partners with OneInfinity by OneDegree for digital asset insurance

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