Metaco Expands Executive Team to Scale Institutional Digital Asset Custody Infrastructure Service

  • Infrastructure
  • 07.02.2023 12:30 pm

Metaco, the market-leading provider of mission-critical digital asset custody and orchestration technology to global financial and non-financial institutions, has appointed a number of key new executives to its leadership team, to address the increased demand for institutional digital asset services, while expanding its addressable market within and beyond the banking industry.

Former global Head of Digital Asset Infrastructure at IBM, Peter DeMeo, joins the company as Chief Product Officer, overseeing the product roadmap planning and lifecycle execution of Metaco’s suite of software and infrastructure solutions for institutions, and also responsible for setting up the company’s digital asset advisory practice which provides strategic direction and consulting to the business and to its clients. Having created IBM’s digital asset key management practice going back to 2017, DeMeo brings deep domain expertise to the company in digital asset key management and holds patents for hardened, policy-based crypto transaction signing and quantum-safe offline cloud cold storage.

Adding to DeMeo’s expertise in Metaco’s executive team is former IBM lead architect, Angel Nunez Mencias who joins as Chief Customer Officer. Nunez Mencias, a prolific inventor and multiple patent owner, oversaw two decades of software enterprise design at the computing giant, including managing the development of its Hyper Protect Cloud services.

Metaco continues to experience sustained growth from financial institutions, corporates and startups for its services. Over the past 12 months it has trebled its headcount in order to scale delivery and ensure customer success across the globe. Appointments across the domains of computing, banking, fintech and digital assets include Katrin Koller, former executive for Digital Assets at Accenture, as Head of Advisory; Rebecca Aspler, former blockchain product manager at PayPal and Unbound Security, as Head of Product; and Mei Li Powell as Global Head of Marketing & Communications, who brings an in-depth understanding of the needs and client servicing models across the transaction services industry gained over three decades in senior, global roles at Citi and Euroclear.

Adrien Treccani, CEO and Founder of Metaco, commented, “We’re proud to appoint executives from leading companies in the computing, blockchain, financial services and consultancy industries to the leadership team. Metaco continues to grow at pace, supporting financial and non-financial institutions with infrastructure for a future in which every asset will be represented on-chain. These additions to our team will ensure that we continue to scale effectively and develop our solutions to meet the unprecedented levels of institutional demand we face, from regulated top-tier banks to corporates across all industries who wish to embed digital assets into their products and services.”

Peter DeMeo, Chief Product Officer at Metaco, commented, “I am thrilled to join Metaco at such a pivotal time in the growth of the company. The digital asset industry is undergoing a paradigm shift, underpinned by new security and compliance standards, driven by established financial institutions working closely with regulators worldwide. Metaco is playing a crucial role in supporting these institutions to bridge traditional finance and digital assets. Our purpose built infrastructure for complex digital asset use-cases supports business operating models characterized by the maximum possible levels of security and regulatory compliance.”

In addition to bolstering its executive team, Metaco has invested in key personnel across research and development, engineering and customer services to ensure the continued implementation of industry-leading custody solutions and fulfill customer and growth ambitions. As part of its commitment to innovation and servicing institutional needs, the company is creating Metaco Labs, a new research and development unit which is being led by Chief Customer Officer, Angel Nunez Mencias. Among his first innovation priorities, Nunez Mencias will oversee the commercialization of Metaco’s recently developed proprietary multi-party computation (MPC) key management solution, while continuing to work with strategic partners and top-tier banks to integrate MPC key shards natively in hardware security modules. This will deliver the highest degree of security, scalability and flexibility in institutional custody, strengthening Metaco’s differentiating position in the market as the only custody technology platform able to combine the best of multi-party computation and hardware security to decentralize risk and minimize attack surfaces.

Gene A. Grant II, Chief Executive Officer at LevelField, commented, “Metaco has been an ideal partner for our digital asset business lines. Their Harmonize orchestration platform, providing the highest levels of security and compliance for our operations, is the solid foundation upon which we are building our client experience. We will continue to work with Metaco to explore its unique propositions around multi-party computation key management technology for future projects as we continue our commitment to support clients storing and trading digital assets securely and at scale.”

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