KornX Product Suit


Over the last several years KornX - 'the programmable digital currency network' has been advanced with all the capabilities that a CBDC ecosystem needs to mint, manage and distribute digital currencies end to end.

The KornX product suit include management portal for Central Banks to mint, manage and monitoring CBDCs; tools for PSPs/banks to distribute CBDCs and on-board merchants; PoS system for merchants to accept payments in CBDC and hot/cold wallet for the consumers to use CBDCs.

KornX product suit for the CBDC ecosystem

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.

CBDC Minting Machine

The KornX Minting Machine has been designed in collaboration with IBM. The product runs on world’s most secure Digital Asset Platform delivered on on-premise/off-premise private cloud. We provide customizable governance framework to carry out secure minting and management of digital currencies.

  • Hyper-secure from the top down: Private keys are always encrypted and cannot be extracted, imported or compromised.
  • Decentralized architecture: Transactions require multiple layers of authentication via key signing. No single point of failure.
  • Configurable governance: Configurable roles and customizable permissions to align with stakeholders.
  • True scalability: Cloud and on-prem solutions that can be scaled to multiple geo-locations.
  • Real-time monitoring and reporting

CBDC Distribution System

Execute distribution of digital currencies, securely.

This includes transferring and redeeming of digital currencies. KornX  allows monitoring transactions region, industry sector and wallet type over any defined time period.

  • Plug & play flexibility: Designed to integrate into existing enterprise systems for fast on-boarding.
  • Programmable smart contract layer: Customizable business logic to support controls and policies.

CBDC Accounting System

Define parameters for accounting like interest rates, wallet types, associated limits and allow for role-based permissions.

KornX allows to monitor digital currency operations, settlement status, total supply, wallet balance, transaction history, in real-time.

  • Programmable smart contract layer: Customizable business logic to support controls and policies.

Merchant onboarding

KornX is integrated with 3rd      party KYC providers for conducting due diligence of businesses. Criteria for KYC are defined under the Central Bank’s Smart Contracts enabling      them to retain control over onboarding. PSPs and banks also have an      option to opt for their own KYC or outsource KYC services.

CBDC Distribution system

Execute distribution of digital currencies, securely. This includes issuing, transferring and destroying      when required. KornX also allows monitoring transactions region, industry      sector and wallet type over any defined time period.

CBDC Account Manager

Each merchant has access to their personal account to monitor digital currency operations, settlement status, transaction history. KornX tracks every key information and provides real-time data on merchant dashboards.

CBDC for ePoS or in-store payments

KornX enables merchants to accept CBDC payments from both hot and cold wallets. It also allows merchants to accept payments via QR code scan where the merchant displays a dynamic encrypted QR code and customer can scan using the CBDC wallet to make instant payment.

 CBDC for payments at eCommerce:

KornX API hub for Enterprise integration

KornX API Hub offers seamless integration      experience, making it efficient and easy for enterprises to connect with      the CBDC ecosystem and start accepting and making payments in CBDC.  

Dual app wallet (Hot and cold)

Consumers can download the app wallet from App Store and Google play store, register themselves and complete KYC.

Each wallet will be recognised by a unique ID. Consumers can set the mode and use the app wallet for online (Hot Wallet) as well as offline (Cold Wallet) transactions with Near Field Communication (NFC) technology. The offline transaction limits will be predefined in the Central Bank level Smart Contracts, ensuring agreed and limited CBDCs are transacted in an offline environment.  KornX network can also enable hardware wallet for offline payment. Hardware wallets are normally offline and stores the private key hence are more secure.  

Over 12,549mm in assets

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506mm in earning interests

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A total of 81,657 investors

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Integrations

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.

Central Banks

Bitt provides every solution and tool that central banks need to respond to the rapid spread of digital fiat currency adoption across the globe. From conception through to full CBDC deployment, our expertise and advanced technology solutions help ensure success.

Financial Institutions

Our Digital Currency Management System (DCMS) provides the secure infrastructure for financial institutions to integrate digital currencies into their service offerings. Seamless white-label integration improves the user experience and opens up new revenue stream opportunities.

Governments

Our team of digital currency experts help government entities design, test, launch and manage fiat digital currencies and stablecoins. Robust management system technology integrates seamlessly into legacy systems and opens up a world of possibilities for making and accepting CBDC and stablecoin transfers and payments.

Compatibilities

  • The KornX architecture meets the ITU and Stanford University CBDC standards.
  • DCMS can integrate with payment networks who support the ISO 20022 messaging standards.
  • DCMS can integrate with both blockchain-based and traditional transaction networks.

Central Banks

Bitt provides every solution and tool that central banks need to respond to the rapid spread of digital fiat currency adoption across the globe. From conception through to full CBDC deployment, our expertise and advanced technology solutions help ensure success.

Financial Institutions

Our Digital Currency Management System (DCMS) provides the secure infrastructure for financial institutions to integrate digital currencies into their service offerings. Seamless white-label integration improves the user experience and opens up new revenue stream opportunities.

Governments

Our team of digital currency experts help government entities design, test, launch and manage fiat digital currencies and stablecoins. Robust management system technology integrates seamlessly into legacy systems and opens up a world of possibilities for making and accepting CBDC and stablecoin transfers and payments.

Features

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.

Digital Currency Minting Manager

Customizable governance frameworks for the secure minting of digital currency. Segregated Hardware Security Module (HSM) with dedicated interface for executing minting transactions.

  • Mint digital currency units
  • Customized governance structures
  • Air-gapped HSM Computer + HSM Keys for minting authorities
  • Secure currency transfer to main network
  • Reporting

Digital Currency Manager

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.

NUMA Core Architect

Define deployment parameters for the digital currency including interest rate, allowable integrations, wallet types and associated limits, role-based permission settings, and more. Integrate with a variety of applications and other digital currency networks.

  • High performance CBDC-standard transaction network; option for distributed nodes as delegated by central banks (dependent on transaction network chosen)
  • Cloud deployed / containerized modules using Kubernetes
  • Permissioned API structures for marketplace integrations
  • Integration into third party custodians
  • Extensive business logic (eg. transaction limits, wallet types/metadata, monitoring and reporting, security configurations, interest rates, integrations with other financial networks eg. foreign exchange, smart contract functionality)

The KornX Vault

  • Secure storage and transaction of digital currency and digital asset (private key management)
  • Customized governance structures and customizable transaction types that require specific approval from defined stakeholders
  • Hardware security modules

Digital Currency Minting Manager

Customizable governance frameworks for the secure minting of digital currency. Segregated Hardware Security Module (HSM) with dedicated interface for executing minting transactions.

  • Mint digital currency units
  • Customized governance structures
  • Air-gapped HSM Computer + HSM Keys for minting authorities
  • Secure currency transfer to main network
  • Reporting

Digital Currency Manager

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.

NUMA Core Architect

Define deployment parameters for the digital currency including interest rate, allowable integrations, wallet types and associated limits, role-based permission settings, and more. Integrate with a variety of applications and other digital currency networks.

  • High performance CBDC-standard transaction network; option for distributed nodes as delegated by central banks (dependent on transaction network chosen)
  • Cloud deployed / containerized modules using Kubernetes
  • Permissioned API structures for marketplace integrations
  • Integration into third party custodians
  • Extensive business logic (eg. transaction limits, wallet types/metadata, monitoring and reporting, security configurations, interest rates, integrations with other financial networks eg. foreign exchange, smart contract functionality)

Bitt Vault

  • Secure storage and transaction of digital currency and digital asset (private key management)
  • Customized governance structures and customizable transaction types that require specific approval from defined stakeholders
  • Hardware security modules

Over 12,549mm in assets

Lorem ipsum dolor sit amet consectetur adip

506mm in earning interests

Lorem ipsum dolor sit amet consectetur adip

A total of 81,657 investors

Lorem ipsum dolor sit amet consectetur adip

Features

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.

Digital Currency Minting Manager

Customizable governance frameworks for the secure minting of digital currency. Segregated Hardware Security Module (HSM) with dedicated interface for executing minting transactions.

  • Mint digital currency units
  • Customized governance structures
  • Air-gapped HSM Computer + HSM Keys for minting authorities
  • Secure currency transfer to main network
  • Reporting

Digital Currency Manager

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.

NUMA Core Architect

Define deployment parameters for the digital currency including interest rate, allowable integrations, wallet types and associated limits, role-based permission settings, and more. Integrate with a variety of applications and other digital currency networks.

  • High performance CBDC-standard transaction network; option for distributed nodes as delegated by central banks (dependent on transaction network chosen)
  • Cloud deployed / containerized modules using Kubernetes
  • Permissioned API structures for marketplace integrations
  • Integration into third party custodians
  • Extensive business logic (eg. transaction limits, wallet types/metadata, monitoring and reporting, security configurations, interest rates, integrations with other financial networks eg. foreign exchange, smart contract functionality)

Bitt Vault

  • Secure storage and transaction of digital currency and digital asset (private key management)
  • Customized governance structures and customizable transaction types that require specific approval from defined stakeholders
  • Hardware security modules

Over 12,549mm in assets

Lorem ipsum dolor sit amet consectetur adip

506mm in earning interests

Lorem ipsum dolor sit amet consectetur adip

A total of 81,657 investors

Lorem ipsum dolor sit amet consectetur adip

A new era of crypto investments has arrived

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268%

Investment growth
Year over year

1K+

New investors
Joining every day

Our Values

?

Open source

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Decentralized

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Transparent

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Community-driven

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CBDC and Stablecoin Workshop

KornX provides every solution and tool that central banks need to respond to the rapid spread of digital fiat currency adoption across the globe. From conception through to full CBDC deployment, our expertise and advanced technology solutions help ensure success.

  • CBDC Workshop
  • CBDC Sandbox
  • CBDC Pilot

CBDC and Stablecoin Sandbox

Our Digital Currency Management System (DCMS) provides the secure infrastructure for financial institutions to integrate digital currencies into their service offerings. Seamless white-label integration improves the user experience and opens up new revenue stream opportunities.

  • CBDC and Stablecoin Workshop
  • CBDC and Stablecoin Sandbox
  • CBDC Pilot
  • Stablecoin Pilot
  • CBDC and Stablecoin Deployment

CBDC and Stablecoin Deployment

Our team of digital currency experts help government entities design, test, launch and manage fiat digital currencies and stablecoins. Robust management system technology integrates seamlessly into legacy systems and opens up a world of possibilities for making and accepting CBDC and stablecoin transfers and payments.

  • CBDC and Stablecoin Workshop
  • CBDC and Stablecoin Sandbox
  • CBDC Pilot
  • CBDC and Stablecoin Deployment

CBDC and Stablecoin Deployment

Our team of digital currency experts help government entities design, test, launch and manage fiat digital currencies and stablecoins. Robust management system technology integrates seamlessly into legacy systems and opens up a world of possibilities for making and accepting CBDC and stablecoin transfers and payments.

  • CBDC and Stablecoin Workshop
  • CBDC and Stablecoin Sandbox
  • CBDC Pilot
  • CBDC and Stablecoin Deployment

Stablecoin  Pilot

Our team of digital currency experts help government entities design, test, launch and manage fiat digital currencies and stablecoins. Robust management system technology integrates seamlessly into legacy systems and opens up a world of possibilities for making and accepting CBDC and stablecoin transfers and payments.

  • CBDC and Stablecoin Workshop
  • CBDC and Stablecoin Sandbox
  • CBDC Pilot
  • CBDC and Stablecoin Deployment

Your CBDC Design, Development and Management Partner

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 ecosystem solution for central banks.

Meet the team

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What does the press say?

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Our partners

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