Turkish automotive producer TOGG is partnering up with digital asset custody orchestration technology supplier, Metaco, to secure its open mobility ecosystem built on Avalanche.
For consumers in Turkey and Europe, TOGG’s mobility-as-a-service platform seeks to enable use cases driven by smart contracts, such as tokenization of mobility services, CO2 footprint assessment, and non-fungible token ownership.
Before the announcement of the partnership with Metaco, TOGG introduced its smart device-integrated digital asset wallet, and the news is very important for the enthusiast in Turkey. Different countries show their studies in this field, like China and Indonesia, and it is time for Turkey! We think that the Turkish automotive producer will continue to show itself with different news about NFTs, cryptocurrencies, Metaverse, and so on.
For this partnership, TOGG’s CEO Mehmet Gürcan Karakaş commented:
“We are designing an open mobility ecosystem that is interconnected and interoperable with others, such as smart home 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 leveraging technology from Metaco, we make this possible, and take another step forward in redefining the global mobility ecosystem.”
Metaco’s CEO Adrien Treccani added to Karakaş’s comment to share his ideas about this partnership:
“We’re proud to partner with TOGG to provide a platform that offers bank-grade security and compliance for the 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 corporations seeking to embed digital assets into their business model.”
Metaco’s platform will allow TOGG to access and control its encrypted data, workloads, and encryption keys. Harmonize, which is built on the IBM Cloud, will comply with Tier 1 banks’ standards that employ the use of digital assets.
Founded in 2015, Metaco is a Swiss tech firm with a mission to enable financial and non-financial institutions to securely manage their digital asset business and take advantage of the thriving digital asset economy. The company’s flagship product, Harmonize, is an orchestration system for digital assets that helps institutions connect to the decentralized finance (DeFi) world in subjects, such as crypto custody, trading, tokenization, staking, and smart contract management.