The UnionBank of Philippines launches a pilot program for Bitcoin and Ether custody and trading services for select retail customers.
To enable the trading service for its customers UnionBank has joined hands with Swiss crypto tech firm Metaco. UnionBank clients will be able to trade BTC and ETH using METACO’s flagship platform, Harmonize.
By leveraging Harmonize, METACO’s digital asset custody and orchestration platform, as a fully managed service deployed in the cloud, UnionBank will manage the governance and operations for the pilot.
Harmonize will act as the foundational orchestrational platform to support UnionBank as it readies itself for wider rollouts of its digital asset services, serving the growing needs of its customers, while future-proofing its business model.
UnionBank is working closely with the country’s financial regulators and other industry participants, the bank aims to expand the service and create a safe and compliant environment for millions of Filipinos.
The bank aims to provide Filipinos, the custody and ability to exchange digital currencies such as Bitcoin, straight from their existing mobile banking app, without the need to open or manage separate wallet services.
Also Read: MoneyGram Launches Crypto Purchase Service on Mobile App
