Solide Finance provides blockchain-powered FX infrastructure for financial institutions via a developer-friendly REST API. The platform offers intermediary-free EUR/USD payments, real-time settlement, and access to a global correspondent banking network spanning traditional and decentralized finance. This service enables banks and digital asset firms to achieve cost efficiency, faster cross-border payments, and compliant digital asset on/off-ramping.
Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions face challenges in executing cross-border payments efficiently and cost-effectively due to complex intermediary networks and FX volatility. Traditional FX infrastructure often involves significant operational overhead and can lead to slower settlement times, impacting liquidity management and profitability.
Solution
Solide Finance provides a blockchain-powered FX infrastructure designed to streamline cross-border payments for financial institutions. Leveraging proprietary market-making technology, the platform optimizes payment routing to enhance speed and liquidity while ensuring adherence to stringent regulatory and security standards. This solution facilitates intermediary-free EUR/USD transactions, enabling faster settlement and reduced costs. Additionally, Solide Finance offers access to a global correspondent banking network through its SolideNetwork, allowing institutions to expand market reach and optimize payment flows. The platform also supports multi-currency cash pooling and provides secure on- and off-ramp infrastructure for digital assets, integrating traditional finance with decentralized finance capabilities.
Target Audience
The primary customers are traditional financial institutions, including banks, neo-banks, and Payment Service Providers (PSPs), as well as digital asset wealth management firms, crypto funds, and blockchain-native companies seeking to enhance their cross-border payment and treasury management capabilities.
Features
- REST API and SDK for FX infrastructure integration as a service.
- Proprietary market-making technology for optimized payment routing, speed, and liquidity.
- Intermediary-free EUR/USD payment infrastructure with T+0 settlement.
- SolideNetwork providing access to a global correspondent banking network across traditional and decentralized finance.
- Cash pooling solution for centralized multi-currency account management and low-cost fund transfers.
- Secure on- and off-ramp infrastructure for digital assets with cross-chain interoperability.
- Automated crypto-to-fiat conversion via API at competitive fees.
- Virtual IBAN and account numbers for efficient transaction management.
- Fund segregation for enhanced asset safety.
- 24/7 instant trading execution.
- Audited payment infrastructure meeting high international security standards.
- Fully regulated operations with KYC compliance.