Metaco, a provider of crypto custody technology, has hired former-IBM digital asset specialist Peter DeMeo and made several other key appointments as the company shrugs off tough market conditions and prepares to drive the next phase of big-business crypto adoption.
DeMeo’s appointment as chief product officer matters because IBM, where he was head of digital assets infrastructure, has been quietly building out bank-grade digital assets custody and key management. (Big Blue was previously best known in the industry for its forays into supply chain applications of permissioned blockchains and the like.)
However, Metaco’s gain isn’t necessarily IBM’s loss, as DeMeo explains, because the move cements an existing working relationship between the two companies.
(By Ian Allison)
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