Aventus and Nexo’s team on blockchain and Web3

Nexos Technologies has deep domain expertise in traditional and mobile banking applications, settlements, BSA/AML compliance and technology design, and Aventus is a leader in next-generation blockchain technologies and applications, working with global Fortune 100 companies to bring them into the Web3 .

Together, Aventus and Nexos will combine their respective industry-leading expertise and technologies to explore the design, technology, settlement and regulatory requirements of fiat-crypto data and payment bridges. These bridges, which will connect various fiat payment and banking infrastructures to the Aventus blockspace, will enable the duo to develop a hybrid distributed ledger technology protocol and platform to deliver digital banking and payment-enabled services for both conventional businesses and applications as well as new emerging ones businesses and Web3 ecosystems.

The partnership will primarily focus on opportunities for existing US and OECD banking, payments and certain qualified securities regulated frameworks. The product roadmap includes potential registered tokenized money market instruments, real-time on- and off-chain transactions in fiat, digital dollars and certain eligible cryptocurrencies, and further development of Layer 1 and Layer 2 programmable block space.

Alan Vey, Founder and CEO, Aventus, comments: “This partnership with Nexos marks a significant milestone in Aventus’ roadmap to bring blockchain to enterprises. With one in four enterprises expected to interact with customers and partners via Web3 by 2024, the time is now to leverage the technology Nexos’ focus on innovation will position them well as a leader in their industry and we are excited to partner with them in this important step to future-proof their business and truly bring the world of traditional payments into the twenty-first century.”

Gordon Baird, CEO, Nexos Technologies, adds: “Like many, we are cautious about adopting blockchain given the turbulence of the past year, especially in a highly regulated industry. However, we are optimistic and excited about the potential. Our team has successfully launched several responsible innovative solutions at major financial institutions worldwide over the past three decades and is delighted to partner with Aventus. Aventus has taken the time to get under the hood of our industry and truly understand the regulatory requirements, but also the potential for massive growth and improvements in operational efficiency. The team has recommended blockchain use cases that align with our goal of making reliable, trusted financial services available to everyone at affordable and transparent prices. The enterprise-class technology, the experienced team and the personal approach have given us great confidence in Aventus as our blockchain partner.”