e-Money partners with Custodiex to explore real-time cold storage solution for institutional clients
We are delighted to announce that e-Money partners with Custodiex, a pioneering security ecosystem for digital assets. This collaboration will enable e-Money to explore Custodiex’s real-time cold storage solution for our clients in the banking and FX sector.
Custodiex is a technology provider that enables the secure, insurance protected, cold storage for digital assets in real-time, and thus forms the backbone for a variety of businesses in the digital asset universe. Genuine real-time access and unlimited scalability will enable synergies with e-Money regarding payment rails and the global distribution and storage of digital assets.
“We endevour to bridge the legacy financial system with digital money and adoption of digital currencies is one of the key aspects of our work at e-Money. Real-time storage of digital assets pertains to being an issue for large institutional clients and we look forward to explore Custodiex’s solution” said Martin Dyring-Andersen, Founder & CEO of e-Money.
“We have a vision that all financial products will migrate to Distributed Ledger Technologies (public or private) utilising Digital coins and Tokens. E-Money’s instant settlement products and the support of instant cold storage access will enable Financial Institutions to see our shared vision and provide them with the tools necessary to quick access to new revenue streams.” said Martin Gymer, CEO, Custodiex.
About e-Money
e-Money pioneering blockchain sectors first interest-bearing stablecoins
The e-Money protocol is built for the issuance of a range of interest-bearing currency-backed stablecoins reflecting various world currencies. Each token is backed by a reserve of assets denominated in its underlying currency. e-Money currently supports the Euro (EUR), Swiss Franc (CHF), Swedish Krona (SEK), Norwegian Krone (NOK) and the Danish Krone (DKK) with a host of additional currencies pegged for release in 2021. The project is dedicated to total transparency with quarterly reserve audits performed by Ernst & Young.
Unlike most existing stablecoins which aim to maintain a static 1:1 peg with their underlying assets, the value of e-Money’s currency-backed tokens continually shifts in line with the interest accrued on the reserve assets. This means that holders benefit from the interest accrued on their assets while they sit securely in your wallet. The e-Money blockchain supports instant payments at scale and includes a DEX for easy conversion between currencies. e-Money expects to integrate with Cosmos Hub, Ethereum and Avalanche in the first half of 2021.
