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BBVA Switzerland, a subsidiary of BBVA, has announced a strategic partnership with Ripple-owned Metaco to develop its digital asset operations. This collaboration is part of a growing trend among financial institutions to embrace digital asset solutions. BBVA Switzerland will utilize Metaco’s services through a Software-as-a-Service (SaaS) model, with the partnership further strengthened by Metaco’s alliance with Avaloq, a Swiss wealth-tech firm. Avaloq’s cryptocurrency assets platform and core banking system are fully integrated with Metaco’s Harmonize platform, which serves as a comprehensive solution for institutional clients. Harmonize enables seamless integration of various digital asset use cases, including decentralized finance, tokenization, cryptocurrency custody, and smart contract management. BBVA Switzerland’s CEO, Alfonso Gómez, believes that this partnership will enhance the bank’s digital asset operations with greater speed, efficiency, and governance standards. Overall, this partnership reflects Metaco’s expanding role in facilitating the digital asset endeavors of leading financial institutions.