Apifiny’s Roxe to See Testing From Onchain Custodian

Apifiny, a self-described “leading fintech company that is building a new internet of financial services,” has revealed that Onchain Custodian will test Apifiny’s Roxe settlement network on its platform, according to a press release from the group.

The release describes Roxe as “designed to save financial institutions significant time and costs by using blockchain technology to provide highly reliable, secure, and real-time clearing and cross-border settlement of payments and remittances, traditional assets, and digital assets.”

Speaking on the matter is Haohan Xu, the CEO of Apifiny, who said:

“APAC is a key growth market for us to continue leading the industry shift from a traditional account model to a new digital asset paradigm. Today’s international payment settlement systems are too slow, unreliable, and expensive. Our partnership with Onchain Custodian can enable its bank customers to remove barriers of time, geography, and currency so that financial value can move much faster, more reliably and at much lower costs anywhere in the world.”

Also sharing some thoughts is Alexandre Kech, the CEO at Onchain, who said:

“Our partnership with Apifiny reflects our ongoing accomplishments in bringing enterprise-grade trust and security to the APAC digital asset market. For our customers, including funds, family offices and high-net-worth individuals, we have chosen to work with the Roxe network to enable custody and settlement for both domestic and cross-border payments.”