Stablecorp Announces the Beta Launch of Grapes Finance – Canada’s First Global Treasury Management Platform Powered by Digital Assets

Grapes permits Canadian people and companies to entry enterprise grade
treasury administration, FX, fee and yield analytics options in each fiat and
digital belongings

TORONTO, Sept. 29, 2022 /PRNewswire/ — Stablecorp, a Canadian blockchain know-how firm, at this time introduced the Beta launch of Grapes Finance, a private and business funds and treasury administration platform powered solely by blockchain infrastructure on the Ethereum, Algorand and Stellar networks. Grapes affords customers a robust portal for treasury administration companies together with FX, custody, international funds, and chosen entry to yield and credit score, all constructed on blockchain rails.

Via its distinctive “Grapes Join” know your buyer (KYC) and know your online business (KYB) sharing infrastructure, Grapes employs a “one-stop onboarding” construction to permit customers entry to main digital asset monetary companies from elite companions within the FX, custody and yield technology area, all within the consumer’s personal title and all managed via their Grapes interface. This eliminates a number of logins and administration, whereas providing unparalleled transparency and management at fractions of the standard value. Grapes has additionally partnered with international fashionable cash motion chief Nium to allow international last-mile fiat options for all Grapes clients.

“This kind of ‘ecosystem’ primarily based resolution, with companies remaining within the shopper’s title, but all being managed and linked via a seamless Grapes interface, represents a totally novel strategy to providing monetary companies. We anticipate with the ability to provide ‘step operate’ value and effectivity financial savings for people and enterprises utilizing this resolution set,” mentioned Alex McDougall, Stablecorp CEO. “The frictions which have collected across the conventional monetary system merely can’t be solved by level options leveraging legacy mainframe infrastructure. It is time to replumb the options accessible to each Canadian and international customers and companies, and we’re thrilled to be taking the first step at this time with the Grapes Beta launch.”

“Nium’s digital asset rails make it simpler for international companies to ship fee options everywhere in the world,” mentioned Joaquin Ayuso de Paul, Head of Nium Crypto and Web3. “We’re excited to companion with Stablecorp to energy the worldwide fee rails for Grapes Finance, serving to facilitate seamless cross-border commerce and connecting Canadian corporations to their enterprise companions globally.”

Beta Launch Particulars

• Grapes Finance is at present in a closed beta surroundings, and is conducting pilot assessments with a variety of choose enterprise companions
• Full-release model of the Grapes platform is anticipated for Q1 2023
• If fascinated by becoming a member of the beta, please go to https://grapesfinance.com or contact us at [email protected] to be onboarded or be part of the waitlist

About Stablecorp

Stablecorp is a number one Canadian fintech agency constructing bank-grade blockchain know-how. Via its three product strains – Forge, Grapes and YaaS – Stablecorp blends bleeding edge know-how with revolutionary approaches to fixing buyer must create “step operate” enhancements in monetary companies. Stablecorp focuses on client and private treasury administration, together with cross-border funds, FX and main analytics on digital asset borrowing and lending options, all leveraging blockchain know-how.

For extra data, go to https://www.stablecorp.ca and https://www.grapesfinance.com.

About Nium

Nium is the worldwide platform for contemporary cash motion. It supplies banks, fee suppliers, and companies of any measurement with entry to international fee and card issuance options. Its modular platform powers frictionless commerce, serving to companies pay and receives a commission throughout the globe. As soon as related to the Nium platform, companies are in a position to pay out in additional than 100 currencies to over 190 international locations – 100 of which in actual time. Funds may be acquired in 35 markets, together with Southeast Asia, UK, Hong Kong, Singapore, Australia, India, and the US. Nium’s rising card issuance enterprise is already accessible in 34 international locations, together with Europe (SEPA), the UK, Australia and Singapore. Nium holds regulatory licenses and authorizations in over 40 international locations, enabling seamless international funds and speedy integration, no matter geography.

For extra data, go to: https://www.nium.com or join with a specialist right here.

Media Contacts:

Stablecorp:
Chris Clemens
[email protected]

Nium:
Tim Black, Head of World Communications
[email protected]

SOURCE Stablecorp