“Think of all the tier-one banks in the market, they’re probably all IBM clients, many of them strategic clients,” said Donoghue in an interview. “They can leverage the existing stack, existing run capabilities to manage Metaco vaults directly from existing infrastructure. And we have a number of other similar deals in the pipeline, leveraging our combined capabilities.”
Source: https://www.coindesk.com/business/2022/01/20/unionbank-of-the-philippines-picks-ibm-and-metaco-for-crypto-custody/