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New Delhi: Mudrex, the San Francisco-based crypto asset management platform, has launched an API-based Crypto-as-a-Service solution that enables traditional and crypto-specific brokers to manage services portfolio and fintech to provide secure crypto investment products.
Crypto-as-a-Service offers KYC, regulatory and compliance oversight to brokerage firms. During this time, the custody and handling of the cryptocurrency will be administered by Mudrex. The technological framework is entirely built and supported by the global platform.
In addition, it allows users to perform cryptocurrency transactions using their preferred fiat currency, allowing users to withdraw funds from a bank account to purchase cryptocurrency and convert them back to fiat currency in bank deposits, “Mudrex said in a press release Tuesday.
Using this service, customers will be able to create a single central wallet for their business or an infinite number of wallets for each of their users, he added. At launch, Mudrex will support 70 different countries.
Edul Patel, CEO and Co-Founder of Mudrex, said: “Our latest addition is aimed at B2B businesses and is built in tandem with our larger mission. ‘Crypto as a service’ is designed to alleviate these complexities for entities with an appetite for scale. ”
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