INX, SICPA Form JV for Digital Currency Ecosystem
The Swiss-incorporated joint venture, Nabatech, combines decentralized ledger technology infrastructure and digital identity technologies to fulfill critical Central Bank Digital Currency requirements
Cybertech
| 12/09/2023
CFOTO/Sipa USA via Reuters Connect
The INX Digital Company, a US-regulated broker-dealer, ATS, and transfer agent, announced the official launch of Nabatech, the joint venture created in partnership with SICPA, a pre-eminent global figure in authentication and secure traceability solutions. Nabatech is a direct result of INX and SICPA's collaboration to aid governments and central banks worldwide in constructing pioneering sovereign digital assets ecosystems.
The Swiss-incorporated joint venture combines Decentralized Ledger Technology (DLT) infrastructure and digital identity technologies to fulfill critical Central Bank Digital Currency (CBDC) requirements - from security and privacy to resilience and financial inclusion. This initiative is set to propel the establishment and launch of a secure and scalable framework for central banks to execute digital strategies.
"As we witness over 80% of the globe's central banks contemplating the introduction of Central Bank Digital Currencies, the urgency to deliver a concrete strategy to tap into the immense potential of digital currencies is palpable," commented Itai Avneri, Deputy CEO & COO of INX. "Collaborating with SICPA empowers us to deploy our comprehensive solution for wholesale and retail CBDC. Together, we are poised to champion the evolution of the global digital economy."
In this endeavor, INX's specialized CBDC and blockchain technologists will join forces with SICPA's digital team to create robust CBDC solutions and supporting ecosystems to fortify monetary sovereignty and amplify national GDPs.
By intertwining their strengths, both entities anticipate setting new industry benchmarks in catering to central bank mandates concerning privacy, oversight, scalability, inclusion, and programmability.
Phillipe Amon, CEO and Chairman of SICPA, added that "Our commitment to every solution we present is grounded in ensuring efficiency, inclusivity, security, and fostering genuine and privacy-preserving transactions. By joining forces with INX in this venture, we remain steadfast in upholding these core principles for the CBDC solutions, enriching the spectrum of monetary tools accessible to central banks."
The Swiss-incorporated joint venture, Nabatech, combines decentralized ledger technology infrastructure and digital identity technologies to fulfill critical Central Bank Digital Currency requirements
CFOTO/Sipa USA via Reuters Connect
The INX Digital Company, a US-regulated broker-dealer, ATS, and transfer agent, announced the official launch of Nabatech, the joint venture created in partnership with SICPA, a pre-eminent global figure in authentication and secure traceability solutions. Nabatech is a direct result of INX and SICPA's collaboration to aid governments and central banks worldwide in constructing pioneering sovereign digital assets ecosystems.
The Swiss-incorporated joint venture combines Decentralized Ledger Technology (DLT) infrastructure and digital identity technologies to fulfill critical Central Bank Digital Currency (CBDC) requirements - from security and privacy to resilience and financial inclusion. This initiative is set to propel the establishment and launch of a secure and scalable framework for central banks to execute digital strategies.
"As we witness over 80% of the globe's central banks contemplating the introduction of Central Bank Digital Currencies, the urgency to deliver a concrete strategy to tap into the immense potential of digital currencies is palpable," commented Itai Avneri, Deputy CEO & COO of INX. "Collaborating with SICPA empowers us to deploy our comprehensive solution for wholesale and retail CBDC. Together, we are poised to champion the evolution of the global digital economy."
In this endeavor, INX's specialized CBDC and blockchain technologists will join forces with SICPA's digital team to create robust CBDC solutions and supporting ecosystems to fortify monetary sovereignty and amplify national GDPs.
By intertwining their strengths, both entities anticipate setting new industry benchmarks in catering to central bank mandates concerning privacy, oversight, scalability, inclusion, and programmability.
Phillipe Amon, CEO and Chairman of SICPA, added that "Our commitment to every solution we present is grounded in ensuring efficiency, inclusivity, security, and fostering genuine and privacy-preserving transactions. By joining forces with INX in this venture, we remain steadfast in upholding these core principles for the CBDC solutions, enriching the spectrum of monetary tools accessible to central banks."
