Global Crypto Asset Management Platform Mudrex launches API based enterprise tech, ‘Crypto-as-a-Service’

 

Global Crypto Asset Management Platform Mudrex launches API based enterprise tech, ‘Crypto-as-a-Service’ 

This B2B offering will essentially allow enterprises 

to offer users a simple and secure crypto gateway 

 

Bengaluru, 21st December, 2021: Mudrex, the San Francisco-based global crypto asset management platform, today launched an API-based Crypto-as-a-Service solution. This offering enables both traditional and crypto-specific brokers, portfolio management services, fintechs, etc to provide reliable and secure crypto investment products to their user base. With the launch of this product, Mudrex further solidifies its overarching vision to simplify crypto and present it as a reliable investment option to users across the globe.

 

‘Crypto-as-a-Service’ is a product that offers KYC, regulatory and compliance monitoring to brokerages. Custody, and processing of the cryptocurrency will be administered by Mudrex. The technological framework is entirely constructed and supported by the global platform. Mudrex is dedicated to bringing newer offerings in the crypto investment space that will allow users to access products in a systematic manner.

 

Additionally, it enables users to transact in cryptocurrencies using their preferred fiat currency, seamlessly allowing users to withdraw funds from a bank account to purchase cryptocurrency and convert them back into fiat currency in bank deposits. Through Custody and Wallet Services, the APIs will enable businesses to build a user-friendly custodial wallet platform. 

Using this service, clients will be able to build a single central wallet for their company or an endless number of wallets for each of their users. At launch, Mudrex will support 70 different countries. This unique offering from Mudrex will provide a seamless experience for newer businesses venturing into the cryptocurrency sphere.

 

Commenting on the launch, Edul Patel, CEO & Co-founder of Mudrex, said, “Since inception, we at Mudrex have been at the forefront of providing a simple & secure infrastructure to users with value-added offerings for long term wealth creation. Mudrex’s latest addition is meant for B2B enterprises and is built in tandem with our larger mission. We observed that entering a growing market and providing cryptocurrency related products, considering all the legal, security, and compliance work, was a daunting task. ‘Crypto as a service’ is set to ease these complexities for entities who have an appetite for expansion. Businesses stand to benefit from the APIs as it offers a quicker, easier, and cost-effective transaction process and truly democratises access to crypto.

“Imagine credit card companies offering crypto rewards, investment platforms offering crypto investments, SIP style crypto savings products and much more. We are already working with multiple crypto and traditional finance fintech firms on different pilot offerings and on track to launch our first integration with a large investment management service by Feb 2022.”