Standard Chartered bank has announced an investment in cryptocurrency custodian Metaco, a dedicated institution

BlockBeats - On July 15, Standard Chartered Announced an investment in Metaco, a cryptocurrency depository at dedicated institutions. Demand for Metaco's shares was so great that the A round was oversubscribed twice. Others include Zurcher Kantonalbank, Switzerland's fourth-largest bank, and Swiss Post, which invested in the last round in 2018.

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Metaco will use the money to expand in America, Western Europe and South-East Asia. Metaco's main product is SILO, which provides custodianship, trading services and the ability to scrip assets for financial institutions.

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