Blocksize Capital joins Avaloq.one Ecosystem
Avaloq has been working closely with its partners and customers to drive the implementation of blockchain technology in the banking and wealth management industry. Recently, it was announced that a Swiss bank has started to successfully use Avaloq’s crypto-asset solution to trade Bitcoin for its clients. The Swiss Financial Market Supervisory Authority has granted the bank the appropriate authorization.
The Avaloq.one ecosystem brings together emerging fintech companies and their solutions with Avaloq’s global customer base of more than 150 established financial institutions. Currently, around 100 fintech companies are active in Avaloq’s growing open banking marketplace, offering more than 130 digital banking solutions. Launched in 2019, Avaloq.one.
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Avaloq plans to implement blockchain technology in the banking and wealth management industry
With the addition of Blocksize Capital to the Avaloq.one ecosystem, the German fintech company’s blockchain technology becomes easily accessible to banks and asset managers looking to manage and trade digital assets efficiently and securely. Blocksize Capital’s software-as-a-service (SaaS) solution offers a flexible and transaction-based subscription model that reduces initial implementation costs for new customers. An open API architecture allows the SaaS offering to seamlessly connect to financial institutions’ existing technology infrastructure and ensures a smooth integration process.
Avaloq has been working closely with its partners and customers over the past few years to drive the implementation of blockchain technology in the banking and wealth management industry. Recently, it was announced that a Swiss bank has started to successfully use Avaloq’s crypto-asset solution to trade Bitcoin for its clients. The Swiss Financial Market Supervisory Authority (FINMA) has granted the bank the appropriate authorization to offer bank accounts in cryptocurrencies for institutional and corporate clients.
Christoph Impekoven, Managing Director at Blocksize Capital, said, “We strongly believe that in the near future all asset classes will be available on DLT (Distributed Ledger Technology) systems, also known as blockchain technology. Blocksize Capital offers financial institutions cutting-edge technologies that allow them to manage this fundamental transformation. Our solutions are based on enterprise-grade terminals that enable investors to analyze, trade and manage digital assets. Thanks to strong partnerships like this one with Avaloq, we are able to share our deep DLT expertise with banks and asset managers around the world.”
Martin Greweldinger, Co-CEO and Group Chief Product Officer at Avaloq, said, “We are delighted to welcome Blocksize Capital to the Avaloq.one ecosystem. Blocksize Capital’s digital assets solutions are a great complement to Avaloq’s standalone crypto assets platform, which allows us to offer financial institutions a comprehensive, convenient and flexible solution for crypto investments.”
(Featured image by xresch via Pixabay)
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