Blockchain for finance pioneer Quant has unveiled its Overledger Platform, the infrastructure used in Project Rosalind – the Bank of England and Bank for International Settlements’ retail CBDC project.
It is now available to all businesses via software-as-a-service.
The low-code SaaS allows customers to issue digital money and interoperable assets with just a few clicks, move them from one blockchain network to another, write new apps that will run on any network, create secure smart contracts that will execute on any blockchain, and use simple APIs to integrate with their existing systems.
With Overledger, the company says, this can take a developer minutes, rather than being a months-long project that can only be delivered by specialised blockchain experts.
The launch of Overledger Platform comes at a critical time for a financial services industry ready to embrace blockchain-based infrastructure and systems, regulated tokenised money and digital assets.
“From central banks to their commercial counterparts, from issuers to asset managers, the financial world is now wise to the transformational value of blockchain,” said Gilbert Verdian, founder and CEO.
“Already used in some of the most demanding use cases in finance, Overledger is the grown-up approach to implementing this technology, one that any developer or business can now use to expand their offering, getting to market at speed and with ease.
“We think this is a game-changer for anyone that wants to build a business in the blockchain economy.”