Wednesday, July 28, 2021
Home Crypto News Market SIA, A Leading European Company In Partnership With Fintech Wizkey Plans To...

SIA, A Leading European Company In Partnership With Fintech Wizkey Plans To Launch Ethereum-Based Platform To Negotiate Credits On Blockchain

- Advertisement -

SIA, a leading European hi-tech company in payment services and infrastructures, controlled by CDP Equity, plans to launch an Ethereum-based platform to negotiate credits on blockchain in the second half of 2021.


The initiative aims to make an ecosystem where the players in the financial sector like banks, funds and financial operators can negotiate credits on blockchain and promote greater liquidity to the benefit of SMEs.

In a separate statement, a spokesperson for SIA said the company plans to test the Ethereum-based platform in the second quarter of this year, with a full-scale launch expected in the second half of the year.

The new platform is being developed in collaboration with the fintech startup WizKey. The company, headquartered in Milan, creates financial solutions with a focus on structured finance products, as well as on the management and transfer of loans.

With the help of the blockchain, SIA intends to provide financial operators with instant and secure access to loan portfolios, as well as to basic data and documentation.

“Certification of information and workflow through blockchain provides all secondary market buyers with confidence. They will know that the data is consistent and certified, and this will increase the speed of transactions and the liquidity of the market, ” said a spokesperson for SIA.

The CEO and founder of WizKey, Marco Pagani, said:

the project on the blockchain aims to create “a transparent, liquid and efficient secondary market for non-performing loans, which will benefit the entire system of the country.

Buy and Sell Cryptocurrency at Paybis

Daniele Savare, Director of Innovation and Business Solutions at SIA, also said that the project will be developed in a standardized manner in accordance with European regulations.

Recall that in October, SIA announced a partnership with the cryptocurrency custodian Hex Trust to help customers of European banks gain access to the storage of digital assets.

Read SIA Press release

follow us in feedly

- Advertisement -
Mark Brennanhttps://thecryptobasic.com/
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

The Graph to use Polygon for its billing system

Singapore, Singapore, 28th July, 2021, Polygon proof-of-stake (PoS) is an Ethereum scaling solution whose ecosystem attracts the brightest developers from all over the world....

Coca-Cola To Launch First-Ever NFT Collectibles

Coca-Cola and Tafi became partners as Tafi is designing virtual wearables for Coca-Cola's first-ever non-fungible token (NFT) collectibles to celebrate International Friendship Day on...

Binance CEO Aims To Make Binance Regulated Worldwide, Also Daily Withdrawal Limit For Binance Unverified Accounts Reduced And Binance Leverage Trading Limit Reduced

Changpeng Zhao, Binance CEO and Founder, stated that Binance will work with local regulators in order to establish Binance regional headquarters.

Utah Resident, A Dogecoin Fan Selling His Home For Crypto Offers a Generous 10% Discount only If He Is Paid In Doge

According to local TV station KUTV (Video Below), an American citizen from Utah joined the ranks of those selling their property for cryptocurrencies. Utah Resident,...

Panther Protocol Partners with Vegaswap

Midtown, Gibraltar, 27th July, 2021, Panther Protocol, the privacy protocol, has partnered with Vegaswap, the automated market maker (AMM) protocol with multichain support. Vegaswap is...

European Digital Identity: Talao Announces Professional Credential Solution

Paris, France, 27th July, 2021, Talao, a blockchain-based Digital Identity specialist for the Human Resource industry, today announced a professional credential application to transform...

Vechain CEO, Sunny Lu Interview By Fenbushi Capital, Sunny Lu Talks About Partners, Investors And The Three Historic Choices

VeChain CEO, Sunny Lu, was interviewed by Fenbushi Capital for their Distributed Entrepreneurship Column. Sunny talks partners (DNV, PwC), investors (Fenbushi, Fenchain), and the three...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.

follow us in feedly