Quant and UST will offer technical integration and tokenization services to central and commercial banks and capital markets participants . The alliance would allow financial institutions to create new business opportunities and innovate with new DLT-embedded products and services .
(India) Bengaluru (Karnataka) London (UK), November 22): Quant, the blockchain finance king, has joined with UST, a leading digital transformation services firm, to offer technical integration and tokenization services to central and commercial banks and capital markets participants.These services will allow financial institutions to embrace digital assets by issuing digital money and tokenizing existing asset classes for faster settlement speeds and access to new markets and clients.Quant will provide the foundational technology, while UST will provide The cooperation facilitates the issuance of central bank digital currencies, commercial stablecoins, and digital securities onto major distributed ledger networks.Financial institutions can shorten the lifecycle of their blockchain initiatives by working with the two companies by a few weeks.Quant uses low-code APIs to issue highly secure and externally validated digital assets and tokenized currencies.According to Grand View Research, the global tokenization market was valued at $2 billion in 2021, with a compounding growth of 24 percent over the next eight years.Moreover, CBDC trials are now taking place around the world, which will give governments, businesses, and consumers new capabilities.
UST has been at the forefront of blockchain technology for almost a decade, and their customer focus is aligned with our strategy.The alliance would allow financial institutions to create new business opportunities and innovate with new DLT-embedded products and services to tokenize existing asset classes, according to Daniel Field, Global Head of Blockchain, UST.Quants Overledger API gateway, designed with financial institutions in mind, is the perfect way to bring the benefits of blockchain to a variety of companies in this sector.Today, Quant is headquartered in the United Kingdom and has a presence in the United States, offering interoperable ecosystems and simple solutions that simply work, allowing our customers to create new market opportunities and gain competitive advantage in record time.We work with financial institutions, governments, multinational companies, and the partners and fintech providers who support them to deliver enterprise-grade technology designed with security and compliance in mind. Our leadership team has extensive expertise in government, financial services, finance, information, healthcare, and management consulting.Amazon Web Services and Oracle are among our partners, and they were a founding member of the Digital Pound Foundation, and Quant is a Media Contacts company.Quante- rebecca.hackworth@quant.networkt- @RHackworthFor more than 22 years, UST has worked side by side with the best companies to make a real difference through innovation.We work with our clients from conception to operation, fueled by science, inspired by animals, and guided by our goal. We embed innovation and agility into our clients' organizations by leveraging deep industry expertise and a future-proof philosophy, delivering measurable value and long-term improvement across sectors and around the world.We build for a never-ending growth, impacting billions of people in 30+ countries.Contact Us at Media Contacts, UST: Tinu Cherian Abraham+1 (949) 415-9857Merrick Laravea+1 (949) 416-6212media.relations@ust.comNeha Misri+91-9284726602media.relations@ust.comMakovskyust@teamlewis.com Media Contacts, Australia:FTI ConsultingUST@fticonsulting.com