Mudrex, the San Francisco-based global crypto asset management platform has launched an API-based Crypto-as-a-Service solution.
The newly launched solution is likely to help both traditional and crypto-specific brokers, portfolio management services, fintechs, etc to provide reliable and secure crypto investment products to their user base. With the launch of this product, Mudrex further solidifies its overarching vision to simplify crypto and present it as a reliable investment option to users across the globe.
‘Crypto-as-a-Service’ is a product that offers KYC, regulatory and compliance monitoring to brokerages. Custody, and processing of the cryptocurrency will be administered by Mudrex. The technological framework is entirely constructed and supported by the global platform. Mudrex is dedicated to bringing newer offerings in the crypto investment space that will allow users to access products in a systematic manner.
Edul Patel, CEO & Co-founder of Mudrex, said, “Since inception, we at Mudrex have been at the forefront of providing a simple & secure infrastructure to users with value-added offerings for long term wealth creation. Mudrex’s latest addition is meant for B2B enterprises and is built in tandem with our larger mission. We observed that entering a growing market and providing cryptocurrency related products, considering all the legal, security, and compliance work, was a daunting task. ‘Crypto as a service’ is set to ease these complexities for entities who have an appetite for expansion. Businesses stand to benefit from the APIs as it offers a quicker, easier, and cost-effective transaction process and truly democratises access to crypto.
Also Read: US-based CrossTower unviles Crypto Trading Platform in India
“Imagine credit card companies offering crypto rewards, investment platforms offering crypto investments, SIP style crypto savings products and much more. We are already working with multiple crypto and traditional finance fintech firms on different pilot offerings and on track to launch our first integration with a large investment management service by Feb 2022.”
Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/
