The Swiss arm of the Russian bank is working with fintech company Avaloq and Swiss startup Metaco to launch a cryptocurrency service in the middle of next year.
According to a statement published by the company, the new service will be based in the Swiss division of Gazprombank (Switzerland) Ltd in mid-2019. The new project plans to implement the development and launch of a service for storing and managing institutional-grade crypto assets.
The project will use SILO, a product developed by the technology company Blockchain Metaco for secure storage of digital assets and cryptocurrency transactions.
Integration of the banking package with SILO is designed to create a fairly extensive, but at the same time simple and convenient platform for managing crypto assets.
According to a statement released by the three companies involved, when the system comes online next year, Gazprombank will be able to manage a cryptocurrency investment portfolio on behalf of clients, without the need for a crypto wallet or private key.
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