New Delhi - San Francisco-based crypto asset management platform Mudrex has launched an API-based Crypto as a Service solution that enables both traditional and crypto-specific brokers, portfolio management services and fintechs to provide products of Secure crypto investment.

Crypto-as-a-Service offers KYC, regulatory, and compliance monitoring for brokerages. Meanwhile, the custody and processing of the cryptocurrency will be administered by Mudrex. The technological framework is entirely constructed and supported by the global platform.

"Additionally, it enables users to transact cryptocurrencies using their preferred official currency, allowing users to seamlessly withdraw funds from a bank account to purchase cryptocurrencies and convert them back into fiat currency in bank deposits," Mudrex said in a press release on Tuesday.

Using this service, clients will be able to build a single central wallet for their company or an endless number of wallets for each of their users, it added. At launch, Mudrex will support 70 different countries.

Edul Patel, CEO and Co-Founder of Mudrex, said: "Our latest addition is meant for B2B enterprises and is built in tandem with our larger mission. Crypto-as-a-Service is set larger mission these complexities for entities have an appetite for expansion."

Source: Economics Times

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