Token X - Banks
Token’s platform provides banks with instant settlement through a unique dual ledger architecture. Token X is ledger agnostic and works with Stellar, Ethereum and a proprietary, private, high-speed ledger.
Combining cutting edge technology with an extensible and interoperable REST API interface, banks can now deploy quick solutions for both intra- and inter-bank transfers.
Access and authorization controls can be provided to a financial institution such that they can apply their KYC and AML policies at an account and transaction level.
Federated, Not Proprietary
Federated network of banks creates an ecosystem where a common digital currency is used to move money in or out making it interoperable with existing payment methods and technologies.
Drive Competitive Advantage
Attract and retain customers by enabling instant, low cost cross-border payment use cases. Drive new revenue streams and improve margins on payments offerings.
How it Works
Banks are issuers of the federated Token X stablecoin. A corporate customer of Bank A purchases stablecoin and then pays their supplier, a customer of Bank B, in stablecoin. The supplier may redeem the stablecoin for fiat money by presenting the stablecoin to Bank B.
Settlement between Bank A and Bank B occurs on a shared ledger.
Get in touch with the team to learn more about how Token is working with banks around the world to deliver new digital money use cases.