IBM and METACO, a provider of security-critical infrastructure that helps large banks manage digital assets, announced that METACO will leverage confidential computing capabilities through IBM Cloud and IBM Cloud Hyper Protect Services for their digital asset orchestration system.
With its platform running on IBM Cloud, METACO can deliver its traditional finance clients benefits including increased security and scalability as they adopt hybrid cloud strategies.
To support the requirements of clients in highly regulated industries such as banking and financial services, METACO leverages ‘Keep Your Own Key’ (KYOK) encryption and confidential computing capabilities from IBM.
This solution allows METACO’s clients to retain sole access to their crypto keys, meaning by engineering design, IBM does not have access to clients’ keys. These enhanced security capabilities help clients mitigate the risk of malicious actors manipulating workflows, viewing confidential data or getting access to assets. Additionally, clients can choose where to run their solution – whether in the cloud, on premises or in a hybrid cloud environment.
METACO’s solution for safe custody of digital assets, offers new options of wallet deployments for flexibility of hot, warm, cold, nearline and frozen storage of digital assets, each encompassing a specific balance of security and agility to best fit the needs of institutions.
The orchestration system is running in IBM Cloud Hyper Protect Virtual Server enclaves, which provide access to IBM’s confidential computing capabilities.