Nexos and Aventus explore Blockchain solutions for Digital Banking sector

By Gloria Methri

Web3 solutions provider Aventus has partnered with Nexos Technologies to bring blockchain-enabled solutions to the digital banking and payments sector.

Nexos Technologies has domain expertise in traditional and mobile banking applications, settlement, BSA/AML compliance, and technology designs. Aventus, on the other hand, specialises in next-generation blockchain technologies and applications, working with global Fortune 100 companies to bring them into Web3.

Together, Aventus and Nexos will combine their respective expertise and technologies to explore the design, technology, settlement, and regulatory requirements of fiat-crypto data and payments bridges. These bridges will link various fiat payment and banking infrastructures to the Aventus blockspace. It will enable the partners to develop a hybrid distributed ledger technology platform to deliver digital banking and payment-enabled services.

The partnership will focus on opportunities for existing U.S. and OECD banking, payments, and certain qualified securities regulated frameworks. The product roadmap includes potential registered tokenized money market instruments, real-time on and off-chain transaction execution in fiat, digital dollar, and certain eligible cryptocurrencies, and the further development of layer 1 and layer 2 programmable blockspace.

Alan Vey, Founder & CEO, Aventus, commented, “With one in four enterprises anticipated to interact with customers and partners via Web3 by 2024, the time is now to capitalize on the technology. Nexos’ focus on innovation will place them well as a leader of their industry, and we’re excited to partner with them in this important step to future-proof their operations and really bring the world of traditional payments into the twenty-first century.”

Gordon Baird, CEO, Nexos Technologies, added, “Aventus has taken the time to get under the hood of our industry and really understand the regulatory requirements, but also the potential for massive growth and improvements in operational efficiencies. The team has recommended blockchain use cases that align with our goal of making reliable trusted financial services available to all at reasonable and transparent prices.”