Union Bank of Philippines Launches Crypto Trading Services – Which Coins Are Included?
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Digital asset management technology METACO announced that the Union Bank of the Philippines is now live on its flagship platform Harmonize, to launch a pilot program for crypto custody and trading services for select retail customers.
The pilot will include bitcoin (BTC) and ethereum (ETH).
According to a press release, UnionBank launching this pilot program is “a major step forward in the bank’s exploration of blockchain technology,” which follows its previous digital asset initiatives, including the launch of its stablecoin for remittance payments and entering the metaverse economy.
UnionBank utilizes the digital asset custody platform Harmonize as “the foundational orchestration platform” and “a fully managed service deployed in the cloud,” thus managing governance and operations for the pilot, the company said, while the bank is preparing for a “wider rollouts” of its digital asset services.
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