By collaborating on research and development and integrating their respective technologies, DLT thought leader Quant. And crypto-asset pioneer, LCX, will further accelerate the progression towards CBDCs.
Quant and LCX (Liechtenstein Cryptoassets Exchange) have agreed to work together to leverage their respective technology. Together, they will considerably strengthen the banking and finance sector, particularly in implementing and settling CBDCs, stable banking coins, and digital asset securities.
Quant and LCX will conduct research and collaborate to become a prominent partner in the Overledger Network. They were transacting and settling transactions as well as digital assets for the community, enterprise, and institutional clients.
LCX, which operates a regulated trading platform (the LCX Exchange), constructs a financial ecosystem for crypto and fiat currencies. In fact, they aim to become the new category leader in the blockchain business.
LCX offers a variety of digital currencies and is quickly becoming established as a retail exchange with technology that may enable other institutions to launch their digital assets. It emphasizes asset tokenization, utility and security token offerings, and advanced trading capabilities.
The similarities and synergies between LCX and Quant technologies are evident and significant. Additionally, Quant is the world’s first provider of real universal DLT interoperability. As well as the company’s fundamental technology (Overledger) enables the deployment of several national and international DLT projects.
In collaboration with LACChain
One such project is the collaboration between LACChain, a global alliance led by the Inter-American Development Bank, and Quant, which has integrated their technologies to create a new, fast cross-border payment and inter-bank network for the LAC (Latin America and the Caribbean) region using tokenized currency.
LACChain will power a range of new solutions by flexibly tokenizing money, using Quant’s (patent-pending) multi-DLT token technology. Including interbank settlement and cross-border payments and remittances between private individuals, government, corporate expenses, and many other future LACChain use cases.
Monty C. M. Metzger, CEO, and Founder of LCX.com said they intend to develop a new industry-leading standard that will consequently open up the benefits of interoperable digital assets. Quant plays a vital role in worldwide DLT interoperability due to their knowledge and technological leadership. Using the LCX regulatory system as a foundation, they are pursuing the goal of transferring this experience into more expansion.
Gilbert Verdian, CEO of Quant, stated that they are delighted to announce the collaboration with LCX. Implementation of CBDCs around the world is now a matter of when, not if, albeit some significant difficulties remain. Their technology is already assisting in overcoming these challenges.
Thus, these partnerships will allow financial institutions, commercial banks, and end-users to transact in digital assets, securities, and currencies.
The Liechtenstein Cryptoassets Exchange, or LCX, is a regulated fintech firm specializing in digital asset trading, compliance token offers, and tokenization.
Indeed, LCX Exchange provides users with a safe and compliant trading platform for a wide range of digital assets. The firm was founded in 2018 and is based in Vaduz, Liechtenstein, with operations in Switzerland and India.