By collaborating on research and development, and integrating their respective technologies, DLT thought leader, Quant, and cryptoasset pioneer, LCX, will further accelerate the progression towards CBDCs.
Quant and LCX (Liechtenstein Cryptoassets Exchange), have agreed a strategic partnership to leverage the synergies between the technologies of the two companies. By collaborating and integrating their respective technologies, the agreement will contribute significantly to the advance of the banking and finance sector, particularly with respect to the implementation and settlement of CBDCs, banking stable coins and digital asset securities. Quant and LCX will conduct research and work together to be integrated into the Overledger Network as a key partner to transact and settle transactions and digital assets for community, enterprise and institutional clients.
Operating a regulated trading platform (the LCX Exchange), LCX is building a financial ecosystem for crypto and fiat currencies alike, to become the new category leader in the blockchain industry.
With a focus on the tokenisation of assets, utility and security token offerings and advanced trading tools, LCX offersa range of digital currencies, and is rapidly becoming established asa retail exchange with technology that can help other institutions launch their own digital assets.
The synergies between LCX and Quant technologies are clear and significant. As a pioneer in distributed Ledger technology, Quant is the world’s first provider of true universal DLT Interoperability, and the company’s core technology (Overledger) is enabling the implementation of many national and international DLT projects. An example of such a project is the partnership between LACChain, a global alliance led by the Inter-American Development Bank, and Quant, who have integrated their technologies to create a new, fast cross border payments and inter-bank network for the LAC (Latin America and the Caribbean) region, using tokenised currency. By flexibly tokenising money, using Quant’s (patent-pending) multi-DLT token technology, LACChain will power a range of new solutions, from interbank settlement and cross-border payments and remittance between private individuals, government and corporate payments, as well as many other future LACChain use cases.
“Due to their expertise and technology leadership, Quant plays a key role in global DLT Interoperability. Together we are pursuing the goal of translating this expertise into further growth, using LCX regulatory setup as a basis. In doing so, we hope to define a new industry leading standard that will open up the advantages of interoperable digital assets,” says Monty C. M. Metzger, CEO and Founder of LCX.com.
“We’re extremely pleased to announce this partnership between Quant and LCX,” said Gilbert Verdian, CEO, Quant. “The implementation of CBDCs across the world is now a question of when, not if, though some key challenges remain. Our technology is already playing a critical role in helping to overcome these challenges, and this partnership with LCX accelerate progress still further, by giving financial institutions, commercial banks and end-users in the financial sector even more options to settle between digital assets, securities and currencies.”
About LCX
LCX, the Liechtenstein Cryptoassets Exchange is a regulated fintech company that focuses on digital asset trading, compliant token offerings and tokenization. LCX Exchange offers individuals a secure and compliant trading platform for a variety of digital assets. Founded in 2018, the firm is headquartered in Vaduz Liechtenstein and maintains offices in Switzerland and India.
