Nexos and Aventus are exploring blockchain solutions for the digital banking sector

By Gloria Methri

Web3 solutions provider Aventus has partnered with Nexos Technologies to bring blockchain-enabled solutions to the digital banking and payments sector.

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

Together, Aventus and Nexos will combine their respective expertise and technologies to explore the design, technology, settlement and regulatory requirements of fiat-crypto data and payment bridges. These bridges will connect various fiat payment and banking infrastructures to the Aventus blockspace. It will enable the partners to develop a hybrid distributed ledger technology platform to deliver digital banking and payment-enabled services.

The partnership will focus on opportunities for existing US and OECD banking, payments and certain eligible securities regulated frameworks. The product roadmap includes potential registered tokenized money market instruments, real-time on- and off-chain transaction execution 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, Aventuscommented, “With one in four businesses expected to interact with customers and partners via Web3 by 2024, now is the time to capitalize on the technology. Nexos’ focus on innovation will position them well as a leader in their industry, and we are delighted 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, added, “Aventus has taken the time to get under the hood of our industry and really understand the regulatory requirements, but also the potential for massive growth and improvements in operational efficiency. The team has recommended blockchain use cases that are in line with our goal of making reliable, trusted financial services available to everyone at affordable and transparent prices.”