Ripple purchased blockchain firm Metaco in May 2023 for $250 million as part of efforts to expand its custody services.
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Harmonize will allow the bank to connect to blockchains beyond Bitcoin and Ethereum, which suggests the potential expansion of BBVA’s crypto services.
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The new system works a lot like a time delay safe for digital assets with a policy engine to broker communications.
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Swiss digital asset infrastructure provider Metaco collaborated with Liechtenstein’s VP Bank to expand its support for tokenized assets.
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UnionBank, one of the largest universal banks in the Philippines, debuts cryptocurrency trading via a partnership with a Swiss crypto firm.
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Future crypto guidelines remain uncertain, however.
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