The evolution of new digital technologies has created a new shift in the value proposition of financial products and services. Digital asset management based on distributed ledger technology has opened the doors for financial institutions and regulators, with the aim of disrupting this new wave. Nevertheless, it has also opened the door to the creation of new and innovative opportunities and ways of doing business.
Who is Wallex?
At the start of the tech wave, Simone Mazzuca found a missing piece in the gray area of digital asset management, creating the revolutionary, borderless company Wallex. In constructing Wallex’s legal framework, Mr. Mazzuca carefully projected his perspective on the various challenges of the existing financial services industry, and with his team of experts leveraged distributed ledger technology creating multiple features and innovative operational features. The innovative features are clearly visible in the structural implementations of the company, which presents new forms of business conduct and critical advisory service.
In just one year, Wallex has grown into a next-generation financial solutions provider that enables individuals and businesses to engage in financial transactions quickly and securely, eliminating regulatory fears of borders.
Who is Wallex, you ask? Wallex is a group of financial companies based in Europe, Asia and the United States of America. Wallex as a financial institution provides asset protection services, which include custodial service, borderless banking solutions, OTC services, exchange platform, property management, crowdfunding operations and international licenses to operate for businesses and individuals, thus providing software and operating platforms for anyone wishing to link traditional and digital banking. This can be done not only because of technological capabilities, but also because of the banking relationships, regulatory licensing and strict compliance procedures of companies on anti-money laundering (5th Anti-Money Laundry Directive) and Know Your Customer (KYC) procedures presented by Wallex.
With a strong position in the insurance banking and wealth management industry, Wallex has created a decentralized deposit system, dramatically increasing the level of deposit security and exponentially increasing the remuneration of active rate accounts. By combining the latest technologies, Mr. Mazzuca saw an opportunity to create a new form of money, he wondered why it didn’t exist. As such, EURST was formed.
The rainbow in the European gray zone
EURST is a live audited, asset-backed, stable coin of € 1 USD, guaranteed by the accounts of the Federal Reserve and Wallex Trust itself. The token is issued over the Ethereum network and is well established under ERC-20 standards. In addition, the stable coin enables users to perform faster and cheaper financial transactions, such as storing funds with a trusted custodian, making online payments, and sending funds around the world. EURST allows for quick and easy transactions while painting the monetary value of its funds. In addition, EURST is fully transparent and audited in real time, as transactions are recorded on the digital ledger.
Through the creation of borderless operations, secure asset management features and the strength of renowned licenses, knowledge of Wallex constructions has conquered the current nature and future of the digital movement. Therefore, shed light on Wallex who is not only turning out to be the new invisible giant, but has also opened the door for a new organization.
Presentation of ICBA, the International Crypto-Business Association. The founder being Mr. Mazzuca, one can only imagine what an ICBA association can create. The organization serves as a catalyst between the digital and traditional world of finance. This highlights the lack of understanding of how blockchain technology and digital asset management can expand its understanding of the world we live in today. In current structuring, ICBA is a creation which judges an excellent interest.
In conclusion, it is evident that the financial and wealth management industry presents a change of movement, presenting fruitful opportunities in the digital asset management industry. What is needed is a trusted partner who can guide you in understanding the movement, and that distributed ledger technology is not a hoax, which Mr. Mazzuca portrays within these organizations.
It is time for us to have the clarity we deserve and the ability to extend our financial rights equally. Blockchain technology has been around for a while and it was created for a reason, it’s time to figure out what that reason is, and it looks like the rainbow is the one that will provide us with that.
This is a sponsored post. Find out how to reach our audience here. Read the disclaimer below.
Image credits: Shutterstock, Pixabay, Wiki Commons
Warning: This article is for informational purposes only. This is not a direct offer or the solicitation of an offer to buy or sell, nor a recommendation or endorsement of any products, services or businesses. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.