INX Digital Company, Inc., a US-regulated broker-dealer, ATS, and transfer agent, has officially launched its joint venture with SICPA, called Nabatech. The partnership aims to assist governments and central banks worldwide in building innovative sovereign digital asset ecosystems.
Nabatech, a Swiss-incorporated joint venture, combines Decentralized Ledger Technology (DLT) infrastructure and digital identity technologies to meet the critical requirements of Central Bank Digital Currencies (CBDC). The venture aims to provide solutions for security, privacy, resilience, and financial inclusion.
The initiative aims to establish a secure and scalable framework for central banks to implement digital strategies. With over 80% of central banks considering the introduction of CBDCs, the need for a concrete strategy to harness the potential of digital currencies is becoming increasingly urgent.
Itai Avneri, Deputy CEO & COO of INX, expressed the importance of collaborating with SICPA to deploy a comprehensive solution for wholesale and retail CBDC. The joint venture between the two companies is poised to champion the evolution of the global digital economy.
Specialized CBDC and blockchain technologists from INX will work together with SICPA’s digital team to create robust CBDC solutions and supporting ecosystems. By leveraging their strengths, both companies aim to set new industry benchmarks in terms of privacy, oversight, scalability, inclusion, and programmability.
CEO and Chairman of SICPA, Phillipe Amon, highlighted the commitment to efficiency, inclusivity, security, and privacy-preserving transactions in every solution presented. By joining forces with INX, SICPA aims to uphold these core principles for CBDC solutions and enhance the range of monetary tools available to central banks.
SICPA, as a partner and advisor to central banks globally, has extensive expertise in authentication, identification, and security solutions, as well as a strong digital capability. Their knowledge of the physical cash ecosystem enables them to develop innovative forgery-proof security features that protect monetary sovereignty.
INX has become a significant player in the tokenization of various assets. The company is changing the way companies and investors interact with and invest in the digital economy through its fully-regulated trading platform for digital assets such as security tokens, tokenized shares, and cryptocurrencies.
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