On Wednesday the Switzerland-based digital asset technology firm, Metaco, announced that it would be collaborating with Frankfurt School Blockchain Center (FSBC) to improve its infrastructure, product design and overall quality.
It would use FSBC’s think tank to bolster its services and quality. Metaco’s main job is to mainly focus on providing better quality infrastructure and facilities to new financial institutions that are planning to enter the digital asset market.
The head of operations at FSBC, Philipp Schulden told that the research work done under FSBC would aim at developing the kind of infrastructure that would need a tokenized economy. The think tank of Frankfurt School Blockchain Center by the name of Frankfurt School of Finance and Management was started in 2017 and since then it had partnerships with so many firms such as PwC, eToro, and helix.
A right infrastructure is required to support the token economy which otherwise seems impossible. Shedding light on this, Schulden said:
In the future, all kinds of assets are expected to run on distributed ledger technology (DLT) systems in the form of tokens.
Mutual Partnership :
The good news is that this partnership is not one-sided and would not only help Metaco but also FSBC. Metaco in turn would help and support FSBC in research and development of custody and enterprise blockchains.
Seamus Donoghue, Vice President at Metaco declared in an email statement;
Through this new partnership (we hope) to further accelerate the institutional understanding, adoption, and use of crypto assets in Germany and Europe.
Metaco has its headquarter situated in Lausanne, Switzerland, and is owned by various firms including the telecom provider Swiss Com, and the Swiss national postal service, Swiss Post, among many others.
Metaco had also announced in last June that via Aon, it would provide crypto custody insurance. Aon is one of the world’s largest insurance brokers.