[PRESS RELEASE – Please Read Disclaimer] Emerging Fintech Startup Crymbo has launched its Enterprise solution called CrymboX. This solution enables enterprise-level financial institutions to securely buy, exchange, hold, store and sell digital assets using the company’s single API technology rails. CrymboX rails offer built-in integration with a wide selection of industry leading […]
[PRESS RELEASE – Please Read Disclaimer]
Emerging Fintech Startup Crymbo has launched its Enterprise solution called CrymboX. This solution enables enterprise-level financial institutions to securely buy, exchange, hold, store and sell digital assets using the company’s single API technology rails.
CrymboX rails offer built-in integration with a wide selection of industry-leading vendors, including portfolio platforms, liquidity and risk management solutions, allowing the customer to choose or use their current providers for smooth, flexible and fast activation.
The solution enables financial institutions to connect and link other members within the network, creating a liquidity pool to enable close-loop P2P trading between the parties without counterparty risk.
The solution includes a clearing and settlement network managed by a series of smart blockchain contract layers to enable smooth and secure entrances and exits.
“As we have added a steady stream of new customers and partners, we have realized how important and essential a solution like CrymboX is to the market,” said Eyal Daskal, Crymbo Co-Founder, “through our relationships with large corporate financial institutions. , we recognized the barriers they are trying to overcome in supporting digital asset products alongside clean liquidity, we believe the CrymboX solution will bridge that gap and improve the way retail customers can access and use the further simplify opportunities in the digital asset market.”
Recently, Crymbo has received a lot of press attention regarding its innovations. Articles in leading media publications such as Entrepreneur have recognized Crymbo as a startup that “bridges 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 experiences when entering the world of digital assets. The company’s solutions aim to remove key challenges and barriers and reduce time-to-market to connect to the digital asset market. Based on Crymbo’s holistic approach, the company has developed its technology based on a plug-in architecture using a single API, and offers a selection of industry-leading services that enable a modular and fast installation to access the digital asset trading, liquidity pools, hot and cold wallet platforms, risk management and AML tools, creating a closed environment with no counterparty risk.