Ripple Labs’ subsidiary, Metaco, has forged an innovative partnership with tech giant IBM, introducing the Hyper Protect Offline Signing Orchestrator (OSO) technology. This cutting-edge advancement is tailored to establish cold storage solutions for digital assets, targeting top-tier banks and financial institutions.
Revolutionizing Cold Storage with Advanced Technology
The unveiling of Hyper Protect OSO signifies a departure from traditional manual processes in executing cold storage transactions. Notably announced by IBM, this technology provides heightened security layers for high-value transactions, diverging from conventional methodologies.
It boasts features such as disconnected network operations, time-based security, and multi-stakeholder electronic transaction approval, aiming to address the limitations of existing cold storage solutions.
Hyper Protect OSO goes beyond safeguarding transactions; it breaks communication barriers between applications designed to operate independently due to security concerns. It introduces a policy engine, bridging these distinct applications and enabling secure and efficient digital asset transactions.
Strategic Collaborations and Client-Centric Approach
Metaco and IBM collaborated with various entities to ensure alignment with client needs. Metaco Harmonize, a robust orchestration platform for digital asset applications, also aims to integrate this innovative solution into its operations.
Adrien Treccani, Metaco’s CEO, emphasized the company’s commitment to delivering state-of-the-art digital asset security. He acknowledged IBM’s reliability as a longstanding partner in this endeavor.
Expanding Partnerships for Advanced Cryptocurrency Technologies
Metaco’s collaboration spree includes recent alliances with entities like Standard Chartered’s Zodia Custody, also offering easy institutional access to crypto storage and settlement.
Additionally, Swiss private bank BBVA Switzerland fortified its digital asset offerings through a partnership with Metaco, amplifying crypto custody solutions.
The strategic collaboration between Metaco and IBM also signifies a pivotal step toward pioneering digital asset security solutions. The introduction of Hyper Protect OSO marks a significant departure from conventional methods, offering enhanced security layers and interoperability, further reinforcing the integration of cryptocurrency technologies in the financial landscape.
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