Turkish Automaker Togg on Boards Metaco for Crypto Custody and Governance

The Partnership with Metaco will include utilizing its Digital asset custody and orchestration system, Harmonize, to Safeguard the custody and Governance of Togg’s digital assets.

Turkish Automotive company Togg declared a partnership with Metaco — a digital asset custody and orchestration system supplier — to get its open mobility ecosystem based on Avalanche.

Togg’s mobility-as-a-service platform aims to deliver smart contract-fueled use cases — including tokenization of mobility services, assessment of CO2 footprint and nonfungible token possession — for users in Turkey and Europe.

Togg’s digital assets will be protected with the use of Metaco’s digital asset custody and orchestration platform. Sharing bits of knowledge on the initiative, Togg CEO Mehmet Gürcan Karakaş stated:

Togg’s digital assets will be protected with the use of Metaco’s digital asset custody and orchestration platform.

Hosted over IBM Cloud, Metaco’s platform provides Togg with total control of its encrypted data, workloads and encryption keys. According to the declaration, Orchestrate is outfitted with compliance principles utilized by Level 1 banks managing digital assets.

German vehicle maker BMW as of late onboarded two blockchain firms to further develop its customer dependability program in Thailand. On Dec. 29, 2022, BMW declared organizations with blockchain infrastructure firm Coinweb as its decentralized design supplier and BNB Chain for settling transactions.
The initiative’s most memorable phase centers around integrating decentralized tech into automating BMW’s day to day manual operations. The project’s second phase would see Coinweb create a customized Web3 application for BMW’s customer devotion program.