BNPQF - BNP Paribas teams up with crypto custody firm Metaco - CoinDesk

• In an effort to move towards cryptocurrency custody, BNP Paribas ( OTCQX:BNPQF ) ( OTCQX:BNPQY ) is partnering with Swiss cryptocurrency infrastructure firm Metaco, CoinDesk reported Tuesday, citing three people with knowledge on the matter.
• BNP Paribas Securities Services, the French-based lender's custodian subsidiary, holds more than $13T in assets under custody.
• Metaco, which provides crypto custody solutions for banks and institutions, has recently teamed up with Societe Generale ( OTCPK:SCGLF ) ( OTCPK:SCGLY ), another French lender, as well at Citigroup ( C ), CoinDesk noted. Those deals are providing the banks with services involving security tokens, such as blockchain-based securities.
• BNP Paribas nor Metaco did not immediately respond to requests for comment by Seeking Alpha.
• In May, the Financial Times reported that BNP Paribas turned to JPMorgan's blockchain network for fixed income trading .

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