Centiglobe provides a decentralized payment platform utilizing distributed ledger technology (DLT) and tokenized deposits to facilitate instant, secure cross-border transactions for banks and financial service providers. This solution eliminates the need for correspondent banking and reduces counterparty risk, enabling direct access to global markets and local currencies through a single API integration.
Funding
$6.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional cross-border payment systems rely on correspondent banking networks, which are slow, expensive, and expose financial institutions to counterparty risk. These legacy systems require pre-funding accounts in multiple currencies and reconciliation processes, increasing operational overhead and capital costs.
Solution
Centiglobe offers a decentralized payment platform that leverages distributed ledger technology (DLT) and tokenized deposits to enable instant, secure, and transparent cross-border transactions. The platform eliminates the need for correspondent banking by providing direct access to global markets and local currencies through a single API integration. By tokenizing deposits, Centiglobe reduces counterparty risk and enables real-time settlement, improving capital efficiency and reducing operational costs for banks and financial institutions. The platform facilitates both predictable global payments and smart conditioned payments through smart contracts, enabling new payment services and conditioned payments.
Target Audience
Centiglobe targets banks, financial institutions, and payment service providers seeking to modernize their cross-border payment infrastructure, reduce costs, and access new markets.
Features
- DLT-based platform for instant and secure cross-border payments
- Tokenized deposits for reduced counterparty risk and real-time settlement
- Single API integration for access to a global network of payment providers
- Smart contract functionality for conditioned payments
- Elimination of correspondent banking and pre-funding requirements
- Automated reconciliation processes
- Support for multiple currencies and local payment systems
- Integration with existing banking infrastructure