BNP Paribas Securities Services has selected two fintechs – Fireblocks and METACO – to develop its digital asset custody offering and help clients issue, transfer and safekeep regulated digital assets.
BP2S has selected Fireblocks as its hot wallet, tokenisation, and connectivity infrastructure layer. As a first step, BP2S will use Fireblocks’ solution in its ongoing experimentation with the settlement and custody of regulated security tokens. Most recently, BP2S deployed Fireblocks’ solution in a live experiment on the settlement and custody of a non-listed digital bond in the French market.
The bank has also selected METACO with the intention of integrating the fintech’s bank-grade digital asset custody and orchestration platform into its existing infrastructure. The platform will underpin the bank’s institutional custody offering and unify governance across its multiple systems, allowing institutional clients to store, issue and settle digital securities alongside their traditional assets.