SFOX Launches SFOX Atlas, Enabling Banks, Payment Companies, and Other Financial Institutions to Access Blockchain and Digital Asset Services at Scale
In the wake of the OCC allowing banks to custody digital assets, SFOX's new cloud-based digital asset platform and API allow banks to efficiently provide secure, compliant crypto services
PALO ALTO, Calif., July 27, 2020 (Newswire.com) - SFOX, the premier institutional digital asset solution offering scalable trading, storage, and global payment solutions, announced the release of SFOX Atlas, a cloud-based digital asset platform dedicated to giving financial institutions such as banks and payment companies unprecedented access to single-source, reliable fiat currency and cryptocurrency services for all their customers at scale.
This marks the latest step in the banking relationships that SFOX has been developing and managing for years. Financial institutions can use SFOX Atlas to provide crypto wallet and custody services for clients, tapping into global crypto markets to facilitate electronic trading and borderless payment processing in a frictionless, highly secure, compliant environment. SFOX’s services feature 99.99% uptime, transactions that execute in 5 milliseconds, and full state- and federal-level compliance. They have facilitated over $12 billion in transactions since 2014.
“The OCC made history by making digital dollars a reality last week, but that’s only the first step to giving banks access to the crypto ecosystem,” said Akbar Thobhani, CEO of SFOX. “SFOX is bridging the rest of the gap with the most secure, reliable, and compliant crypto banking solution in the sector: with SFOX Atlas, banks can now deploy a single, cloud-based solution encompassing digital asset wallets & custody, merchant and interbank crypto payment processing, scalable on-chain transactions, real-time, single-stream global data feeds, and full-team user management—all courtesy of a team with half a decade of experience working with banks, funds, and crypto providers. We know what banks want, and we’re giving it to them.”
SFOX client Migom Bank agrees: “We have been clients of SFOX for over a year now,” says Thomas Schatti, CEO of Migom. “While other fintech companies make a lot of noise about great things they might do in the future, SFOX has been quietly, consistently, and professionally providing superior client support and unprecedented level of reliability and speed of execution.”
SFOX Atlas enables SFOX’s vision of a global financial network fully integrated with blockchain technology, allowing more banks and funds to join SFOX’s growing community of sophisticated financial-services clients across five continents.
SFOX is the premier digital asset trading, management, and storage solution for professional traders, money managers, and financial institutions such as funds, banks, and payment companies. SFOX’s flagship product in its full-service crypto suite is its global pro-trading platform, allowing best-price execution on BTC, ETH, LTC, BCH, BSV, ETC, and RVN orders anywhere in the crypto market from a single trading account with smart-routing order types. SFOX’s trading platform executes orders in an average of 5 milliseconds, has 5x less slippage than crypto exchanges on orders ≥ 100 BTC, and has facilitated over $12 billion in transaction volume to date.
Categories: Banking, Finance, Insurance