Togg Chooses Digital Asset Custody Technology Provider Metaco for Improving Mobility Ecosystem
Togg, a worldwide supplier of mobility solutions and ecosystems, has chosen METACO, the industry-leading provider of digital asset custodial orchestration solutions to large, global financial firms, to support and protect the safekeeping and administration of cryptoassets.
Togg, the initial mobility firm to offer digital asset custodial wallets, aspires to transform into a ‘international USE CASE MOBILITY® supplier’ and thinks blockchain will be a crucial enabler of this aim. Throughout its blockchain-integrated digital environment, Togg opens unique and viable possibilities for its clients. Togg Mobility Ecosystem, employing the Togg Blockchain Platform, arises as a platform to solve urban mobility concerns and to drive the era where mobility solutions blend with smart technology for a seamless user experience.
The Togg Blockchain Platform is evolving into an advanced Mobility-as-a-Service (MaaS) platform that enables customers to enjoy frictionless movement. Designed on the Avalanche C-Chain, Togg’s blockchain system gives reliable, safe, and environmentally friendly data transfer throughout the environment. Togg intends to provide its Mobility Ecosystem consumers in Turkey and Europe with access to a variety of novel use cases supported by smart contracts, such as tokenization of mobility services, CO2 footprint evaluation, and NFT possession.
Togg will utilise METACO’s digital asset custodial and orchestration system, HarmonizeTM, to handle the safe custody and oversight of crypto assets in accordance with industry-leading regulatory requirements, which have already been adopted by multiple Tier 1 banks functioning in the digital assets industry. METACO’s technology, which operates on IBM Cloud, offers institutional-level storage for Togg treasury administration and an easy-to-employ wallet system for end users. Furthermore, Harmonize offers a flexible smart contract management platform for the Togg environment, which enables end-to-end crypto asset lifecycle administration and comprehensive asset servicing capabilities, such as minting, burning, holding, and transferring of NFTs.
Togg’s Chief Executive Officer, M. Gürcan Karakaş, said, “We are developing an open environment for mobility that is networked and compatible with others, including smart home and smart city environments. Blockchain-powered digital tokens provide the storage and movement of information as well as other assets in a quick, safe, and environmentally friendly manner. By employing METACO technology, we are able to do this and take a further step toward transforming the global mobility environment.”
Togg will now be backed by IBM Cloud Hyper Protect Services in addition to Harmonize. This solution is meant to give businesses full control of their encrypted information, tasks, and encryption keys — not even IBM, the cloud platform provider, has accessibility. When integrated with METACO’s Harmonize system, this platform may enable digital asset custodial firms to accomplish excellent outcomes, including scaling to millions of wallets, going to market faster, and preserving assets.
METACO’s CEO and founder, Adrien Treccani, remarked: “Togg is at the forefront of technological development and innovation in Turkey, providing appealing new advantages to its users via the incorporation of digital assets into business processes. We are pleased to work with Togg to create a platform that provides bank-level security and compliance for the custodial service and administration of these crypto assets. This relationship highlights METACO’s continuous progress as we aim to grow our potential market and emerge as the technology associate of choice for top global organizations wanting to integrate digital assets into their business strategies.”
METACO is a global leader of technology to financial companies and institutions in the digital asset environment, with Tier 1 and Tier 2 bank deployments in numerous regulatory jurisdictions, such as Switzerland, Germany, France, the United Kingdom, the United States, Singapore, Australia, and Hong Kong. Harmonize, the company’s platform provides the safest, most compliant, and adaptable custodial solution on the market, along with the end-to-end, safe orchestration of processes and administration procedures throughout the whole digital asset hierarchy, with no specific point of vulnerability.
Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.