Union Bank of the Philippines selects Metaco and IBM to facilitate

On Thursday, Metaco, an enterprise cryptocurrency platform for securing, trading, issuing, and managing digital assets, announced the addition of UnionBank as its latest client. Founded in 1982, UnionBank is one of the largest banks in the Philippines, with a collective $15 billion in assets under management. UnionBank will be also be deploying its digital asset management services on the IBM (NYSE:) Cloud, which are fully integrated with Metaco’s solutions.

Through the integration, UnionBank will be able to improve the insurability of assets with FIPS 140-2 Level 4 certified controls for managing and migrating keys. FIPS 140-2 is the highest level of U.S. government computer security standard. In addition to detecting and responding to all unauthorized attempts at physical access, the protocol also protects against environmental factors that lead to data loss or leak.