KALYP provides distributed ledger solutions that enable financial services to connect seamlessly to digital securities networks, reducing transactional costs by 26-48% and enhancing payment speed to days instead of weeks. Their technology addresses inefficiencies in legacy systems, allowing firms to access on-demand services while mutualizing overhead costs and minimizing counterparty risk by 25%.
Funding
$3.5M 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Traditional financial services firms face challenges connecting to digital securities networks due to outdated legacy systems, resulting in high transactional costs and slow payment processing. These firms also struggle with inflexible service bundles, single provider risk, and high overhead costs.
Solution
KALYP provides a distributed ledger-based software solution that enables financial services firms to seamlessly connect to digital securities networks. This allows firms to access on-demand financial services, mutualize overhead costs, and minimize counterparty risk. By upgrading and digitizing their offerings, firms can reduce transactional costs, access versatile transaction types, and achieve faster payment speeds. KALYP's marketplace facilitates the integration of legacy systems with distributed ledger technology, empowering traditional providers to adapt to the era of regulated digital assets.
Target Audience
KALYP targets financial services providers, including banks, custodians, and funds, seeking to upgrade and digitize their offerings to connect to digital securities networks.
Features
- Distributed ledger-based software for connecting to digital securities networks
- Marketplace for on-demand financial services from various providers
- Integration with existing financial services and legacy systems
- Streamlined interactions and transparent workflows between institutions
- Support for cross-border securities settlement