IHS Markit Collaborates with METACO to Offer Post-Trade Processing Solution

IHS Markit, a world leader in critical information, analytics and solutions, announced a partnership with METACO, the leading provider of security-critical software and infrastructure to Tier 1 banks in the digital asset ecosystem. The partnership delivers best-in-class post-trade securities processing capabilities in digital assets for financial institutions.

As the institutional adoption of digital assets accelerates, banks and financial institutions are hindered by the lack of available institutional-grade infrastructure to fit their needs. To address this need, IHS Markit's post-trade securities processing platform is integrated with METACO Harmonize, a secure digital asset orchestration system, to provide a single multi-asset platform for financial institutions to securely custody and manage digital assets alongside traditional assets.

This integrated platform provides access for institutional clients to a highly scalable, multi-tenant software solution that secures, automates and standardizes the trade, settlement and corporate actions lifecycles.

"The partnership provides a seamless integration and utilizes both firms' cloud first philosophy and infrastructure, with IHS Markit's Integrated Message Bridge (IMB) providing the gateway between the movement of traditional and digital assets, while leveraging the industry standard messaging protocols inherent within our post-trade securities platform,"said Ankush Zutshi, vice president, corporate actions and securities processing, IHS Markit."We are excited to partner with METACO to provide a unified, integrated solution for the secure orchestration of digital asset workflows and the safekeeping of digital assets along with traditional."

Seamus Donoghue, VP of Strategic Alliances METACO, said:"There remain many frictions for banks and other large financial institutions entering the crypto markets. METACO Harmonize, our digital asset orchestration platform, is a unique offering that ensures end-to-end security with no single point of failure across all digital asset processes while delivering the scalability and agility required by the world`s largest financial institutions. Our partnership with IHS Markit integrates their market-leading post-trade securities processing capabilities to provide firms with the highest level of security while delivering the flexibility and agility they need to successfully operate at scale and with agility in the rapidly growing digital asset industry."