15 Apr Crymbo Launches CrymboX Enable Financial Institutions to Further Liquidize Digital Assets
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Emerging Fintech Startup Crymbo has launched its Enterprise solution named CrymboX. With this solution, enterprise-level financial institutions will be able to securely buy, swap, hold, store and sell digital assets using the company’s single API technology rails.
CrymboX rails offer a built-in integration to a wide selection of leading industry providers, including wallet platforms, liquidity, and risk management solutions enabling the client to choose or use its current providers set up for a smooth, flexible and fast activation.
The solution will enable financial institutes to connect and link other members within the network, creating a liquidity pool to enable close-loop P2P trading between the parties with zero counterparty risk.
The solution will include a clearing and settlement network that will be governed by a set of blockchain smart contracts layers to enable smooth and secure on/off-ramp capabilities.
“As we have been adding a constant stream of new clients and partners, we have realized how important and essential a solution like CrymboX is to the market,” Said Eyal Daskal, Crymbo’s Co-Founder, “Through our relationships with large enterprise financial institutions, we acknowledged the barriers that they are trying to overcome in the fields of supporting digital assets products alongside with clean liquidy. We believe that CrymboX solution will bridge that gap and help to further simplify the way retail customers can access and utilize the opportunities in the digital asset marketplace”.
Recently, Crymbo has received a significant amount of press coverage relating to its innovations. Articles in leading media publications like Entrepreneur have recognized Crymbo as a startup that is “bridging the gap between the traditional and digital [assets] by allowing financial institutions to provide their customers with easy “plug n play” access to digital assets.”
Crymbo was founded to bridge the gap that mainstream finance is experiencing when trying to enter the digital asset world. The company’s solutions aim to remove the main challenges and barriers and enable to shorten the time to market to connect with the digital assets marketplace. Based on Crymbo’s holistic approach, the company has developed its technology based on a plug-in architecture using a single API, offering a selection of industry-leading services enabling a modular and quick setup to access digital assets trading, liquidity pools, hot and cold wallet platforms, risk management, and AML tools, creating a closed-loop environment with zero counterparty risk.
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