2022 began with a boom of interest regarding the variety of digital assets taking the world by storm. At iVE.ONE, we have been using our expertise in blockchain technologies for the past four years to build a digital infrastructure with banking standards. We sat down with our CPO, Evgeny Matershev (product innovation) and our CTO, Robert Malec (technical infrastructure), and asked them a few questions about our digital asset infrastructure from their Product and Tech perspectives.  

Main points:

- Demand for crypto-currencies, but banks are slow on innovation

- The new product allows banks and financial institutions to integrate digital trends (e.g. crypto-trading) quickly into their existing system and offer them to their clients

- iVE.ONE Digital Asset Infrastructure is compliant with banking standards and all the necessary licenses

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What is the iVE.ONE Digital Asset Infrastructure?

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‍In a nutshell, iVE.ONE Digital Asset Infrastructure enables banks, asset managers, and financial institutions to expand their client offering with crypto assets by integrating our API and/or whitelabel frontend into their existing system.

We provide blockchain-as-a-service (BaaS) including cryptocurrency trading, client management, compliance, and the integration of multiple blockchains such as Ethereum, and others.

Saving time and expense developing the infrastructure in-house. Using blockchain technologies, we provide blockchain-as-a-service (BaaS) including cryptocurrency trading, client management, compliance and the integration of multiple blockchains such as Ethereum, EOS and others. ‍

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Why would banks need Digital Asset Infrastructure for crypto trading in the first place? ‍

Banks are notoriously known for being slow on digital innovation, but the demand for crypto assets is growing fast. To stay competitive today, more than ever, banks need a reliable infrastructure that enables them to integrate financial trends quickly and offer these to their customers, also acquiring new customer groups in the process.

Becoming a technology provider for crypto assets is a long and costly process, which not only requires a team of experts in digital assets but also in technology. The faster and more effective option is to use the digital asset infrastructure from a digital asset provider like iVE.ONE. iVE.ONE covers both – the technical implementation and legal requirements.

How was iVE.ONE digital asset infrastructure created?  

Last year has been marked by changes in law:  

“My perception is coming from the banks or the news, the people I talk to, everybody now understand blockchain is not anymore for the money laundering but for exchange of digital value across different parties." says Evgeny.  

In 2021, Germany is thriving to become the blockchain innovation hub in Europe and create new opportunities for financial institutions by taking major steps in crypto space by passing two laws: Speizalfonds and eWpG. 

For iVE.ONE last year, “the focus was to build our own marketplace for digital assets, and we had no idea how to monetarize the digital asset infrastructure,” says Robert.  

“With the legal changes and seeing banks taking initiatives to enter the digital space, enabled us to take a step back and thinking about how we can allow financial institutions to enter the space by providing trust and stability.”  

And the proof that we are on the right track is that our first client, a major traditional German bank will start to use our digital asset infrastructure.  

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Why choose iVE.ONE as partner?  

“Our major strength is the know-how in blockchain that we have been building for the past five years,” says Evgeny.  

By constantly upgrading our product with features based on the market needs, we can support banks and corporates to enter the digital asset space faster and safer, without the need of spending millions in budget and years in time of developing it themselves.  

Furthermore, we strive to make our infrastructure as compliant as possible with the required bank standards to better integrate our infrastructure into the banking ecosystem. This is an ongoing process and a big part of our plan for this year – getting the platform completely BAIT compliant and obtaining ISO 27001 certification.”

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That is a wrap! Stay tuned for more of our insights regarding digital asset infrastructure and industry news in the future.  

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