Zürcher Kantonalbank Adopts Avaloq’s Digital Asset Platform
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Avaloq has effectively implemented its reliable and expandable digital asset platform at Zürcher Kantonalbank (ZKB), a leading bank in Switzerland. The firm partnered with Fireblocks for this new feature.
Avaloq implemented its cloud-hosted digital asset platform and managed it using a software as a service (SaaS) model.
Avaloq Provides A Complete Solution For Adding Tokens To Financial Services
Avaloq delivers a complete solution for monetary institutions to easily include tokens in their service offerings. The Avaloq platform supports digital asset trading, settlement, and safekeeping, ensuring that financial institutions can manage risks efficiently, lower transaction costs, and follow regulations. It relies on the advanced digital asset custody and infrastructure strengths of its partner, Fireblocks.
With its easy integration into main banking systems and digital platforms, the platform provides financial institutions and their clients a convenient way to trade and manage traditional and digital assets efficiently.
Furthermore, Avaloq’s SaaS capabilities allow Zürcher Kantonalbank to benefit from ongoing improvements and faster delivery of new services. Banks and wealth managers can access Avaloq’s digital asset platform whether they run their core banking systems on-site or through a software-as-a-service (SaaS) model.
The Firm’s New Offering Bridges Decentralized And Traditional Finance
The Project Lead of Digital Assets at Zurcher, Michael Rausch stated that the firm’s innovative offering covers the gap between decentralized and local finance, giving its clients secured access to business and custody of digital assets. He said the firm expects more collaboration as it keeps depending on Avaloq’s proven union and innovation abilities.
Georges Roten, Managing Director for Switzerland and Liechtenstein at Avaloq expressed pride in the recent milestone achieved in their partnership with Zürcher Kantonalbank. He emphasized that this accomplishment showcases the bank’s dedication to innovation and delivering well-rounded financial services to its clients.
The statement pointed out that as the market environment and client expectations shift, traditional financial institutions must adopt the right strategy and technology to smoothly incorporate digital assets into their services. They also expressed dedication, together with their partner ecosystem, to offering digital asset solutions that keep firms ahead of market changes.
Avaloq has been a world-leading figure in the matter of digital banking, giving constructive technology and services to monetary organizations, wealth managers, and advanced banks. It was established in 1985 with its headquarters located in Switzerland.
Avaloq provides solution software and designs that aid monetary institutions carry out smooth operations, adapting to the changing digital community, and improving customer experiences.
