Central banks around the world are now contemplating the imperative of rolling-out legal tender digital currencies.
From considering the feasibility of a central bank digital currency (CBDC) system launch to developing policies and governance standards, the challenges involved in this process are significant. However, as this remains largely uncharted territory, ready answers and solutions are not always apparent.
KornX provides the solutions and answers you need. We have designed our technology solutions to function as a secure and robust infrastructure platform for every aspect of digital currency launch and operationalization.
Within the coming decade, central bank digital currencies (CBDCs) will roll-out across virtually every developed nation in the world. Financial institutions must prepare now, in order to be ready when the time comes.
Begin by integrating digital currency transaction and processing capabilities into your legacy systems or by launching new technology platforms to accommodate stakeholders.
To handle digital currencies under license, you must implement technology solutions that are acceptable to regulators and compliant with all applicable governance requirements. Since this is often unfamiliar and uncharted territory, having an experienced fintech solutions partner on your side is critical.
Our digital currency experts can assist you with all of your needs for CBDC solutions. Talk to us about CBDC workshops, pilot programs, deployment and systems management. Our innovative CBDC Sandbox provides financial institutions with an invaluable opportunity to see our Digital Currency Management System (DCMS) network in action and to put it to the test under a variety of scenarios.
Securely issue, distribute, redeem, and destroy digital currency units in a fully auditable ecosystem.
Monitor transactional activity across defined periods using data settings including region, industry, and wallet type.
Securely issue, distribute, redeem, and destroy digital currency units in a fully auditable ecosystem.
Monitor transactional activity across defined periods using data settings including region, industry, and wallet type.
Securely issue, distribute, redeem, and destroy digital currency units in a fully auditable ecosystem.
Monitor transactional activity across defined periods using data settings including region, industry, and wallet type.
Securely issue, distribute, redeem, and destroy digital currency units in a fully auditable ecosystem.
Monitor transactional activity across defined periods using data settings including region, industry, and wallet type.
Securely issue, distribute, redeem, and destroy digital currency units in a fully auditable ecosystem.
Monitor transactional activity across defined periods using data settings including region, industry, and wallet type.
Securely issue, distribute, redeem, and destroy digital currency units in a fully auditable ecosystem.
Monitor transactional activity across defined periods using data settings including region, industry, and wallet type.
Securely issue, distribute, redeem, and destroy digital currency units in a fully auditable ecosystem.
Monitor transactional activity across defined periods using data settings including region, industry, and wallet type.
Securely issue, distribute, redeem, and destroy digital currency units in a fully auditable ecosystem.
Monitor transactional activity across defined periods using data settings including region, industry, and wallet type.
Securely issue, distribute, redeem, and destroy digital currency units in a fully auditable ecosystem.
Monitor transactional activity across defined periods using data settings including region, industry, and wallet type.
Securely issue, distribute, redeem, and destroy digital currency units in a fully auditable ecosystem.
Monitor transactional activity across defined periods using data settings including region, industry, and wallet type.
Securely issue, distribute, redeem, and destroy digital currency units in a fully auditable ecosystem.
Monitor transactional activity across defined periods using data settings including region, industry, and wallet type.
The DCMS can integrate with existing financial infrastructure, including RTGS and ACH networks, core banking systems, as well as existing payment processing platforms including bill payment, airtime and top-up, remittance, and more.
Just like traditional currency ecosystems, CBDC systems require multiple elements to function correctly. At the core of the system’s infrastructure, is the need for a ledger, governing rules and processing functions. Systems require appropriate safeguards and redundancies to ensure that it is resilient in the face of security risks and technical failure.
To ensure equitable financial inclusion, systems must be simple to access and operate. CBDC systems must also inspire trust and provide users with a sense of privacy and security. Features must be highly efficient and sufficiently robust, so as to offer a wide range of financial services.
Finally, processing functions must effectively interface with those of merchants, end-users and other participants. This interoperability must ensure the prompt and reliable flow of funds throughout the domestic and international payment ecosystems.
Within the coming decade, central bank digital currencies (CBDCs) will roll-out across virtually every developed nation in the world. Financial institutions must prepare now, in order to be ready when the time comes.
Begin by integrating digital currency transaction and processing capabilities into your legacy systems or by launching new technology platforms to accommodate stakeholders.
To handle digital currencies under license, you must implement technology solutions that are acceptable to regulators and compliant with all applicable governance requirements. Since this is often unfamiliar and uncharted territory, having an experienced fintech solutions partner on your side is critical.
Our digital currency experts can assist you with all of your needs for CBDC solutions. Talk to us about CBDC workshops, pilot programs, deployment and systems management. Our innovative CBDC Sandbox provides financial institutions with an invaluable opportunity to see our Digital Currency Management System (DCMS) network in action and to put it to the test under a variety of scenarios.
With demonstrated experience and success in launching CBDC and stablecoin systems, KornX has the scalable and customizable technology solutions you need for today and in the future.
Our DCMS and Monetary Authority (MA) Suite includes a digital currency minting manager with a dedicated interface for minting central bank digital currencies and functions for the secure issue, distribution, redemption and destruction of CBDC. You will also have access to your own private, key-managed KornX Vault with customized governance structure and customizable transaction types.
We have designed our technology solutions to make CBDC deployment as safe, easy and affordable as possible. As a part of our overall central bank digital currency solutions, we can assist you through every phase of development, testing, rollout and beyond.
Contact us today to request your demonstration of KornX solution for central banks.