Integration addresses market demand for institutional-grade infrastructure for the management of DeFi tokens.
Lausanne, Switzerland – 18 March, 2021 – METACO, the leading provider of security-critical infrastructure enabling financial institutions to enter the digital asset ecosystem, announced an integration with Aave, a decentralized, open-source, and non-custodial liquidity protocol on Ethereum. Aave’s market size is in excess of $2 billion – a pioneer with record growth for DeFi. With this integration, METACO has brought the AAVE token into METACO’s digital asset orchestration system, enabling banks and institutions to securely integrate, store, and manage cryptocurrencies, tokens, and distributed ledgers.
To meet the rapidly growing institutional demand for digital assets, METACO has also integrated support for AAVE into both its orchestration system and institutional-grade custody solution, allowing institutional clients to avail of a range of flexible wallet options, and access a comprehensive list of smart contract functionalities across the asset lifecycle including issuance, staking and lending support.
METACO’s digital asset orchestration system provides out of the box support for Aave and a number of other major DeFi protocols including Uniswap, Synthetix and Compound, making METACO the leading choice for institutions looking to incorporate DeFi tokens into their digital asset use-case. METACO’s secure framework for digital asset custody, transaction management, trading, and tokenization has made it the leading choice for banks and exchanges, with implementations by leading Tier 1 and 2 banks including Standard Chartered Bank among others in the US, Switzerland, Europe, and South East Asia.
Adrien Treccani, CEO and Founder at METACO commented,
“As the institutional adoption of digital assets accelerates, investors are gathering a broader appetite for crypto assets, with interest in DeFi tokens rapidly gathering momentum. At METACO, we are constantly striving to innovate, expand and improve upon our service offerings. This integration with Aave, a proven DeFi protocol, demonstrates our commitment to innovation in DeFi and providing our clients with the cutting-edge technology and flexibility they need to stay apace with the rapidly evolving digital assets ecosystem.”
One of the fastest growing DeFi protocols globally, Aave is a decentralized non-custodial liquidity protocol where users can participate as depositors or borrowers. Users can both deposit cryptoassets on which they earn interest, or borrow cryptoassets in a variety of ways.
Stani Kulechov, CEO of Aave said,
“2021 has seen financial institutions pouring into the digital asset space, and now they are looking at DeFi as a new way to manage liquidity. METACO offers access to DeFi assets in a safe and secure way, making it easier for institutional adoption and onboarding.”
Adrien Treccani, CEO and Founder at METACO is available for interview.
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.
Founded in 2015, METACO brings together a diverse team of industry specialists in software, security, cryptography and banking to transform the financial services industry. The company is deeply integrated into the banking sector through a growing network of strategic partners and institutional shareholders.
Aave is a decentralised, open-source, and non-custodial liquidity protocol on Ethereum. Depositors earn interest by providing cryptoassets to liquidity pools; users can borrow from these pools with variable or stable interest rate options.
Maud Honner, Senior Consultant
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