THELOGICALINDIAN - Los Angeles CA Revolutionary blockchainrelated technology created by Raistone Inc is set to barrage a accomplished proofofconcept this summer the success of which could change the way agenda trading and transactional systems are advised and deployed
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Financial technology startup Raistone is advancing to accompany to bazaar a fully-functional blockchain-based agenda asset alteration and broadcast escrow system, according to co-founder and CEO Greta Geankoplis.
“We will be attractive to appoint businesses this summer, with options to clothier our artefact for bartering enterprises’ specific use cases by the end of this year,” said Geankoplis.
Raistone’s arrangement will accredit banks, exchanges and added banking account businesses to absolutely ascendancy agenda affairs or aegis trades with the key admonition actuality a axial babysitter is not appropriate to authority agenda assets as would be archetypal beneath accepted infrastructure.
“We annihilate the charge for centralized agenda asset custody,” said Geankoplis. “We are an enabling technology. Our arrangement will decidedly abate the accident for third parties operating on accessible blockchains, agenda exchanges like itBit and BitFinex, for example, and those that will accomplish on clandestine blockchains, such as all-around banks Banco Santander, Deutsche Bank and Bank of America.”
The proprietary arrangement will accredit agenda asset aegis to abide broadcast on blockchain systems, while acceptance operations to attach to Know Your Customer/Bank Secrecy Act/Anti-Money Laundering (KYC/BSA/AML) acquiescence programs, all while accepting assets on those systems to move cautiously peer-to-peer.
Furthermore, Raistone’s arrangement is agenda asset and belvedere agnostic, acceptation it will board all digitized currencies, tokens, securities, bonds and added blockchain agenda assets, behindhand of blockchain-type, and behindhand if the broadcast balance arrangement is accessible or private.
As allotment of the Apparent Cooperation appliance process, a able bureau afresh conducted a accurate analysis and analysis action of Raistone’s apparent application, which included searches of civic and all-embracing apparent authorities.
Geankoplis and her aggregation accustomed a “Positive All-embracing Search and Opinion” address and Raistone’s technology was accepted acceptable for its all-embracing apparent (PCT) appliance status.
Raistone was additionally one of alone 10 finalists called from added than 1,000 U.S. and all-embracing applicants to present at the DEMOvation Challenge at Bank Innovation 2024 captivated in Seattle, Feb. 29 – Mar. 1.
Raistone’s arrangement won the admirers vote for top blockchain technology, finishing additional all-embracing in the competition.
About Raistone
Raistone Inc. is a Los Angeles-based banking technology startup alms white-label software that will assignment as a constituent or API to action systems. The arrangement is belvedere and agenda asset doubter acceptation digitized currencies, tokens, securities, bonds and added blockchain agenda assets, behindhand of blockchain-type, can be accommodated. Visit www.raistone.net for added information.
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Website: www.raistone.net
