Zurich – The three startups AlgoTrader, METACO and Cysec are joining forces. Together, they intend to build a technology stack for financial institutions to seamlessly onboard, manage and trade cryptocurrencies and other crypto assets.
Startup AlgoTrader from the Greater Zurich Area and METACO and Cysec (formerly ArcaTrust), two other startups from Western Switzerland, have entered into a strategic partnership it was reported in a press release. Together, they intend to build up a “Swiss-made crypto asset management ecosystem”. The aim is to offer financial intermediaries a comprehensive solution for managing the entire life-cycle of cryptocurrencies and other digital assets, from secure storage and management to automated trading and execution.
This partnership builds on the complementary core competencies of the three startups. METACO will contribute its crypto asset storage and management technology, while AlgoTrader will be responsible for institutional-grade automated trading execution and Cysec will ensure best-in-class hardware security.
“We believe that to achieve a wider adoption of crypto assets, financial institutions need a solution to onboard, manage and trade crypto assets. By teaming up with both METACO and AlgoTrader, this consortium can provide such a fully integrated technology stack,” commented Patrick Trinkler, CEO of Cysec.