Togg collaborates with METACO to strengthen the mobility ecosystem powered by Blockchain
Turkish technology company serving in mobility to leverage bank-grade Harmonize platform for scalable, secure and fully compliant digital asset management
LAUSANNE, Switzerland , 10 January 2023 /PRNewswire/ — Traina global supplier of mobility technologies and ecosystem has chosen METACOthe market-leading provider of digital asset custody orchestration technology to complex, global financial institutions, to underpin and secure the custody and management of digital assets.
As the first mobility company to offer digital assets, Togg has a vision to become ‘a global USE CASE MOBILITY® provider’ and believes that blockchain will be one of the key enablers for such a vision. Togg unlocks new and sustainable opportunities for users through its digital ecosystem fully integrated with Blockchain. The Togg Mobility Ecosystem, which utilizes the Togg Blockchain platform, appears as a solution to meet challenges around urban mobility and to lead the future where mobility services merge with smart technologies for a frictionless user journey.
The Togg Blockchain platform is evolving as an innovative Mobility-as-a-Service (MaaS) platform where users can pursue a frictionless mobility experience. Built on Avalanche C chain, Togg’s blockchain solution enables users to exchange data across the ecosystem in a safe, secure and green way. Togg aims to enable its mobility ecosystem users across Türkiye and Europe to take advantage of a range of innovative use cases underpinned by smart contracts, which include tokenization of mobility services, carbon footprint assessment and NFT ownership.
Togg will utilize METACO’s digital asset repository and orchestration platform, Harmonize™, to manage the secure custody and management of digital assets with industry-leading compliance standards, already implemented by several Tier 1 banks operating in the digital assets sector. METACO’s technology, running on the IBM Cloud, provides institutional-grade storage for Togg treasury management, as well as an easy-to-use wallet solution for end users. In addition, Harmonize provides a versatile smart contract management framework for the Togg ecosystem, providing end-to-end lifecycle management for digital assets and full service support for real estate, including minting, burning, storing and transferring NFTs.
M. Gürcan Karakaşmanaging director at Traincommented, “We design an open mobility ecosystem that is interconnected and interoperable with others, such as smart homes and smart city ecosystems. Blockchain-enabled digital tokens allow data and other assets to be stored and transferred in a fast, secure and green way. By utilizing technology from METACO, we make this possible, and take another step forward in redefining the global mobility ecosystem.“
Alongside Harmonize, Togg will also be supported by IBM Cloud Hyper Protect Services. Built on IBM LinuxONE and running on IBM Cloud, this service is designed to give enterprises full authority over their encrypted data, workloads and encryption keys – not even IBM as the cloud provider has access. When paired with METACO’s Harmonize platform, this infrastructure can help digital asset custodians go to market quickly, ensure assets are protected and achieve great results, such as scaling to millions of wallets.
Adrien TreccaniCEO and founder of METACO, commented: “Togg is at the forefront of innovation and technology development in Türkiye, offering compelling new benefits to its users through the integration of digital assets into operations. We are proud to partner with Togg to provide a platform that offers security and banking quality compliance. for custody and management of these assets. This partnership demonstrates the continued momentum of METACO as we move to expand our addressable market and become the technology partner of choice for leading global companies looking to integrate digital assets into their business model.”
METACO is a leading technology provider to financial institutions and companies in the digital asset ecosystem with significant Tier 1 and Tier 2 banking implementations in various regulatory jurisdictions including Switzerland, Germany, France, Great Britain, United States, Singapore, Australia and Hong Kong. The platform, Harmonize, delivers the most secure, compliant and flexible custody solution in the market, combined with end-to-end, secure orchestration of workflows and governance processes across the entire digital asset stack, without a single point of compromise.
About Trains
An intellectual property of Turkey, Togg is a globally competitive USE CASE MOBILITY®️ brand. Trains were established on it 25 June 2018 as a joint venture of Anadolu Grubu Holding A.Ş., BMC Otomotiv Sanayi ve Ticaret A.Ş., Turkcell İletişim Hizmetleri A.Ş., Zorlu Holding A.Ş. and Union of Chambers and Commodity Exchanges of Turkey (TOBB).
Togg started production at the Gemlik facility in 2022, as part of its focus on developing next-generation smart and connected electric cars and the surrounding mobility ecosystem, for which the company is also developing new technologies, services, customer experiences and business models. Togg aims to reach a production of 1 million by 2030 across five connected EV models, built on a common platform.
About METACO
Founded in 2015 in Switzerland, METACO is a technology company whose mission is to enable financial and non-financial institutions to securely manage their digital asset operations and capitalize on the burgeoning digital asset economy.
The company’s core product, Harmonize, is a digital asset orchestration system. From cryptocurrency custody and trading to tokenization, staking and smart contract management, the platform seamlessly connects institutions to the new world of decentralized finance (DeFi).
METACO has established itself as the Tier 1 banking standard, trusted by and in live production with global custodians, exchanges and private and universal banks. The software, technology and infrastructure solutions enable financial institutions to store, trade, issue and manage digital assets, with the highest possible security and agility.
www.metaco.com
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SOURCE METACO
