November 28, 2018, Munich, Germany – Global fintech company BANKEX, the developers of a platform to convert real physical assets into digital tokens and offering a complete STO framework throughout a security token’s full life cycle, has engaged Devexperts, the provider of custom trading systems, to participate in the developmentproject in the field of B2B and B2C crypto trading.
Devexperts track record of software solutions for the capital markets, combined with BANKEX experience empowering and developing innovative technologies on the frontiers of traditional finance and blockchain is aimed at adding maturity to the crypto markets. While this sector is still emerging, it is difficult to find deep crypto liquidity in one place. BANKEX’s B2B platform is to tackle this problem. Thorough work was carried out to define the business model, examine the operations lifecycle, necessary investments, jurisdiction, and many other aspects. The solution will be offered to broker-dealers.
A second area of consulting was made to power BANKEX’s new-generation B2C platform, which main purpose is to connect fragmented crypto capital markets. With a composite depth of market sourced from multiple crypto exchanges, the trader will have the opportunity to see the best bid and offer, and achieve the best execution.
Dmitry Dolgov, COO of BANKEX, commented: “We were looking for a company that has understanding of both crypto and fiat money. Devexperts’ experience in developing complex multi-asset trading platforms was the primary reason behind Bankex’ decision to work with them. We are now well placed to provide convenient access to crypto”.
Evgeny Sorokin, SVP of Software Engineering at Devexperts said: “We have successfully concluded the first phase of the project. We believe that Bankex will raise the bar in the crypto liquidity sector, and we are excited to contribute Devexperts technology expertise to this initiative”.
BANKEX is a global top-20 fintech company. We are developing the Proof-of-Asset Protocol to bring Banking-as-a-Service product modules and blockchain together. Our complete PoA ecosystem enables the digitization, tokenization, and exchange of assets for the full development of a tokenized global ecosystem. BANKEX infrastructure services and technologies include STO framework, Custody Service, BANKEX Token Exchange, Ethereum Plasma Prime, Supply Chain, and Digital Deal. For more information, visit bankex.com/en