Knox Networks

This platform enables financial institutions to manage regulated digital currencies, including features for offline transactions and scalability. It provides analytics and tools for institutions to manage transactions and programmable money.

Updated 2 months ago

Funding

Funding not disclosed

Funding rounds are not available yet.

Founders

Founder details are not available yet.

Product

Problem

Financial institutions face challenges in managing and transacting with regulated digital currencies due to limitations in privacy, scalability, interoperability with legacy systems, and compliance with evolving regulatory frameworks. Existing systems often lack robust privacy protections, offer limited visibility into payment flows, and involve costly KYC/AML processes, hindering the efficient adoption of digital assets.

Solution

Knox Networks provides infrastructure software that enables financial institutions to manage file-based digital assets, facilitating secure and scalable transactions across both traditional finance and digital asset networks. The platform supports multi-asset, multi-party transactions with atomic settlement, addressing key pain points such as slow global transactions, delivery versus payment realization, and difficult integration with legacy systems. Knox Networks' interbank platform authorizes file-based digital assets, maintains issuance limits, performs foreign currency exchange, and conducts AML checks against sanction lists. The platform also incorporates privacy-preserving techniques like Decentralized Identifiers (DiDs) and Verifiable Credentials (VCs) for frictionless user verification and data sharing.

Target Audience

Knox Networks targets financial institutions, including banks and payment processors, seeking to integrate regulated digital currencies into their operations while adhering to privacy, security, and regulatory requirements.

Features

High throughput, low latency, parallel processing (exceeding 1 million TPS)
ACID+D compliance, ensuring 24/7 access and near-instantaneous, atomic settlements
Support for offline payments and double-spend prevention mechanisms
Programmable and auditable transactions with pre-validation checks
Interoperability with existing and emerging financial standards (e.g., ISO 20022, SWIFT, NACHA) and payment networks, including legacy and DLT systems
Tokenization of fixed-value assets, such as digital bank notes and treasuries
Privacy encryption and frictionless identity verification using verifiable credentials
Pseudonymous analytics for institutions while preserving the anonymity of cash
Digital Identity component using Decentralized Identifiers (DiDs) and Verifiable Credentials (VCs)