Introducing Ledig Applied sciences: CI Cryptosolutions’ subsequent step towards regulated B2B digital asset providers
CI Cryptosolutions, an modern and forward-thinking blockchain firm, is saying the transition of its OTC enterprise to a brand new entity, LEDIG TECHNOLOGIES, because it shifts focus in the direction of increasing and streamlining its Digital Belongings service choices.
CI Cryptosolutions was based in 2019 with a imaginative and prescient to create an all-in-one {financial} ecosystem powered by blockchain expertise. It constructed a large number of providers that enhanced the utility of web3 merchandise In Africa and the world at massive.
CI Cryptosolutions needed to put a pause on a few of its finance-related merchandise as a result of uncertainty surrounding the regulatory environments of digital property in lots of jurisdictions, particularly Nigeria, the place a great majority of its shopper base resides.
This uncertainty has now gained readability, because of the Nigerian Securities and Trade Fee (SEC) by means of its proposed framework to control digital asset service suppliers in Nigeria. CI Cryptosolutions have pivoted considered one of its main merchandise to a brand new entity referred to as “Ledig Applied sciences” to be able to setup in one of the simplest ways to fulfill the fee’s necessities. It has additionally utilized for the fee’s incubation program for digital asset firms aimed toward getting licensed by the fee.
LEDIG is a B2B digital asset service supplier centered at serving to companies mitigate treasury dangers utilizing blockchain-based instruments like stablecoins. The corporate’s main product is its Fiat/stablecoin high-volume Dealing Desk aimed toward giving companies the power to swiftly trade native currencies for dollar-pegged stablecoins and different digital property.
The corporate’s different merchandise embody an asset hedge software, native foreign money ramps and treasury administration instruments.
Companies that may leverage LEDIG TECHNOLOGY’s distinctive service providing embody
1. PSPs
2. Companies with cross-border exposures.
3. Digital asset exchanges.
4. Worldwide commerce facilitators.
5. Different Fintechs
LEDIG’s product helps companies with essential use instances, together with cross-border company remittances for environment friendly worldwide transactions, hedging in opposition to native foreign money volatility, and facilitating import/export funds to streamline commerce. It additionally enhances liquidity for exchanges, guaranteeing they keep easy operations and environment friendly buying and selling flows.
Why the title “ LEDIG?”
In accordance with Sylvester, the newly appointed CEO of LEDIG Applied sciences, LEDIG, brief for “Le Digital” in French, was a simple alternative of title, because it symbolises a contemporary, digital-first identification, reflecting the corporate’s modern and world mindset. The title showcases LEDIG’s dedication to delivering cutting-edge options that resonate past language and geographical boundaries. The title additionally positions LEDIG as a standout in Africa’s tech panorama, aligning with its mission to attach with numerous markets and foster world partnerships.
LEDIG affords a number of benefits. To start, it affords quick and streamlined settlements, international trade danger mitigations and geographical presence in over 35 nations. It additionally reduces settlement dangers whereas offering real-time treasury administration, giving companies full oversight and management over their {financial} actions.
SEC Licencing Programme
On June 26, 2024, the Nigerian Securities and Trade Fee (SEC) launched the Accelerated Regulatory Incubation Program (ARIP) to expedite the registration course of for Digital Asset Service Suppliers (VASPs) in Nigeria. This regulatory framework has offered course for companies like LEDIG, because it supplies readability and help for safe and compliant operations within the evolving Nigerian blockchain area. LEDiG has now utilized to SEC to take part in ARIP, setting a transparent path to grow to be regulated.
“Transitioning our Digital Belongings enterprise from CI Cryptosolutions to LEDIG permits us to streamline our operations and concentrate on buying the SEC’s VASP License”, stated Sylvester.
Conclusion
Efficient right this moment, CI Cryptosolutions’s B2B Over-the-counter desk would switch all present contracts to LEDIG Applied sciences.
Whereas CI Cryptoslutions will proceed to supply its different service choices, comparable to Software program growth providers, LEDIG will concentrate on the OTC desk and different Web3-related {financial} providers whereas expediting efforts to get regulated in a number of jurisdictions, starting with Nigeria and Europe.
