TassatPay provides a private blockchain-based platform that enables financial institutions to execute real-time transactions and settlements with full audit capabilities, enhancing security and efficiency. By facilitating instantaneous transactions without limits, TassatPay addresses the need for reliable and transparent payment solutions in regulated markets.
Funding
$15.1M 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 interbank and B2B payment systems often suffer from delays, transaction limits, and lack of transparency, hindering efficient capital management and increasing counterparty risk for financial institutions and their corporate clients. Existing solutions may not operate 24/7/365 and can lack the advanced features needed to automate complex transactions.
Solution
TassatPay offers a private, permissioned blockchain-based platform that enables financial institutions and their corporate clients to execute real-time transactions and settlements with full audit capabilities. The platform facilitates instantaneous transactions without limits, operating around the clock to maximize balance sheet efficiency and minimize counterparty risk. TassatPay integrates smart contract functionality, allowing organizations to apply transactional logic and automate routine transactions with their customers. All transactions are fully backed by deposits in trusted, FDIC-insured banking institutions.
Target Audience
The primary target audience includes financial institutions, digital asset firms, and corporations in regulated industries such as financial services, healthcare, real estate, and logistics seeking secure, real-time payment solutions.
Features
- Private, permissioned blockchain infrastructure for secure and transparent transactions
- Real-time settlement capabilities operating 24/7/365 (subject to maintenance windows)
- No transaction limits, enabling efficient large-value transfers
- Full audit capabilities for enhanced regulatory compliance
- Smart contract functionality to automate complex workflows
- Integration with core banking systems like FIS, Fiserv, Thought Machine, and Jack Henry
- A suite of deployable APIs for easy integration with existing systems
- Connectivity to other blockchains and access to third-party exchanges