IBM Unveils Cryptocurrency Platform for Institutional Use

IBM launches a platform for managing digital assets for institutions.

Technology giant IBM has announced the launch of a comprehensive platform for financial institutions, government agencies, and corporations, serving as a unified solution for managing digital assets.

According to the press release, IBM Digital Asset Haven facilitates operations throughout the entire lifecycle—from storage to transactions and settlements. The platform supports access to over 40 public and private blockchains.

Developed in collaboration with wallet infrastructure provider Dfns, the platform’s key features include:

• built-in tools for regulatory compliance;
• accelerated deployment through integrated third-party applications for KYC/AML procedures, revenue generation, and other tasks;
• the ability to embed custom products using a developer toolkit;
• solutions for secure storage and asset operations on IBM infrastructure, including the use of multiparty computation and hardware security modules;
• wallet access management based on multiparty automation and a customizable range of policies.

“With the rise of tokenized assets and stablecoins, corporations need to evolve. The digital asset space offers financial institutions a critical opportunity to modernize their product portfolios. IBM Digital Asset Haven provides them with a prospect to participate in this new economy,” IBM stated.

The platform’s Software-as-a-Service (SaaS) version is expected to be available by the end of the current year, with a localized version slated for the second quarter of the next year.

As reported, the capitalization of the real-world tokenized asset segment exceeded $75 billion, while the total value of stablecoins surpassed $300 billion.