METACO completed a $17 million Series A round of financing, focusing on providing financial custody and other solutions for financial institutions

Swiss crypto infrastructure startup METACO has announced that it has completed a $17 million Series A round of financing led by German security technology company Giesecke+Devrient, SC Ventures, a venture capital arm of Standard Chartered Bank, the Canton of Zurich, the venture capital firm Investiere, and the existing Investors Swisscom, SICPA, Avaloq and Swiss Post participated. METACO said it will increase R&D investment and expand its business in the US, Southeast Asia and Western Europe markets. METACO expands its products and markets by introducing SILO, a fully managed, secure, and cloud-based product, and provides financial institutions with crypto custody, trading, and tokenization solutions.