As the big bear keeps demonstrating its strength and power.
While the nons are still celebrating the “death” of crypto assets or tokens (for reasons best known to themselves)…
Russian Bank Offers Crypto Asset Solution in Switzerland
Avaloq and Metaco (which is 10% owned by Avaloq) have entered an innovation partnership with Gazprombank Switzerland, to implement their integrated crypto asset solution.
The aim is to provide banks and wealth managers with an integrated solution for the management of client portfolios across all asset classes including cryptocurrencies. Gazprombank, which is already an Avaloq client, aims to offer a cryptocurrency service to its clients in mid-2019.
The new product will integrate Silo, Metaco’s crypto-wallet management and storage solution within the Avaloq Banking Suite with a goal of making transactions with crypto assets more simple, like those involving traditional assets. Therefore, wealth management and banking clients get a consolidated view of all their crypto assets and currencies along with other assets in their portfolio—with all of their positions displayed and no need of crypto-wallets or private key management…..
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