Swisscom, Avaloq, Swiss Post and Sicpa have all backed a round of undisclosed size for the cryptocurrency and blockchain technology provider.
Switzerland-based cryptocurrency technology developer Metaco has raised an undisclosed amount in a funding round that included banking software provider Avaloq, which acquired a 10% stake in the company.
Telecommunications firm Swisscom, postal service Swiss Post and Sicpa, which provides security inks for currencies and passports, also took part in the round. Francisco Fernandez, chairman and founder of Avaloq, will join Metaco’s board of directors.
Founded in 2014, Metaco helps banks and financial institutions incorporate blockchain technologies and systems into their core processes.…
