The rise of digital assets

Consumers, merchants, and investors are increasingly adopting digital currencies and turning to blockchain companies to safeguard their assets. Financial institutions must decide how to position themselves and aim to become trusted providers of blockchain banking services.

The Open Bank Project API Platform enables banks of all sizes to rapidly integrate external blockchain services into their offering.

Book a demo

Enable customers to manage digital assets

Digital Asset Management

Securely store your customers’ assets and take the complexity out of managing digital currencies.

Payments

Offering crypto payments will be key for merchants of the near future. Help your customers make that leap.

Lending

Introduce your clients to a range of new and sophisticated lending products.

We became the first bank in the country to launch a bitcoin-focused hackathon, and we are working this 2022 towards a fast-track for the development of new banking applications that can help us achieve financial inclusion and serve our customers best. TESOBE’s help has been invaluable and we look forward to continue working with them in the future.

Celina Padilla Meardi, Banco Hipotecario

Contact us to learn how your bank can start offering blockchain banking services

Contact us

FAQ

Digital assets are virtual representations of value, such as currencies, objects, real estate, and so on. Although digital assets, especially cryptocurrencies, have been thought to introduce many uncertainties and risks, the increasingly regulated market environment has been allievating those concerns and digital assets are being embraced by consumers, merchants, and institutional investors around the globe.

Cryptocurrencies are a type of digital asset used to exchange goods and services. They are decentralised currencies, i.e. there is no central entity that issues cryptocurrencies and crypto transactions do not need intermediaries.

Blockchain banking is the new practice of offering blockchain-based financial services such as digital asset management and payments. There are a wide range of blockchain banking services, including:

  • Digital Asset Management / Custody
  • Crypto Payments
  • Crypto Exchange
  • Decentralised Lending
  • Decentralised Insurance

Custodial solutions offer third party storage and security services for cryptocurrencies. Just as a bank would offer a bank account to safely store fiat currency, a custodian would ensure security and confidentiality of a customer’s private keys and the information needed to restore those keys to access their digital holdings.

Yes, and a number of them are planning to. Banco Hipotecario, Wells Fargo, Vast Bank, Commonwealth bank, and many others plan to offer – or are already offering – some form of blockchain banking services.

DeFi, or Decentralized Finance, is a more accessible and blockchain-based financial system composed of an emerging ecosystem of financial apps and protocols, operating without the need of intermediaries and instead relying on smart contracts.

Related Content

Blog Post

Where Open Banking Meets the Decentralized Web

Today, traditional financial institutions can’t directly interact with blockchains due to the API Connectivity Problem. But our partnership with API3 aims to change that.

Blog Post

APIs in Financial Services: Build or Buy?

Should financial institutions build open APIs in-house, buy services from a specialised company, or partner with a trusted provider? Let’s weigh the pros and cons of each.