The tokenized financial products infrastructure provider is building a full-stack platform for institutions, with Airwallex also joining as its first design partner.
Metal has launched after completing a seed funding round co-led by Airwallex and Capital49, with Airwallex also joining as the company’s first design partner. The company is positioning itself as a full-stack infrastructure provider for tokenized financial products and services, targeting institutional use cases that require privacy, compliance, identity controls and links to traditional payment rails. Metal said its platform is designed to include institutional-grade privacy and compliance, native agent support, identity and authorization, and global fiat on- and off-ramps across as many countries and currencies as possible. The launch comes as firms race to build the underlying plumbing for tokenized finance, where traditional financial products are issued, moved and settled using blockchain-based infrastructure.