- BIGG Digital (BIGG) subsidiary Blockchain Intelligence Group has secured a C$133,000 contract with Blockchain Foundry (BCFN) to adopt Syscoin-based assets
- The partnership seeks to provide a regulatory compliance solution for stablecoin creators
- Blockchain Foundry will integrate BitRank Verified and QLUE within its compliance solution and wallet-to-wallet transaction monitoring capabilities
- The combined capabilities will produce real-time risk mitigation for stablecoin operators including governments and central banks
- Blockchain Foundry develops and commercializes blockchain-based business solutions
- BIGG Digital Assets invests in products and companies to support the future of crypto as a safe, compliant and regulated environment
- Blockchain Foundry (BCFN) is trading flat at $0.33 per share
- BIGG Digital Assets (BIGG) is up by 1.27 per cent and is currently trading at $1.60 per share
BIGG Digital subsidiary Blockchain Intelligence Group has secured a C$133,000 contract with Blockchain Foundry to adopt Syscoin-based assets.
The partnership seeks to provide a regulatory compliance solution for stablecoin creators.
Blockchain Foundry will integrate BitRank Verified and QLUE within its on-chain compliance solution and wallet-to-wallet transaction monitoring capabilities. The combined capabilities will produce real-time risk mitigation for stablecoin operators, bringing trust and compliance to the blockchain and making it accessible for broad adoption.
With Blockchain Foundry’s Syscoin Lux release, asset issuers will be able to opt in to on-chain pre-transaction compliance, where business rulesets may be managed off-chain but enforced on-chain through a single signature.
Through this new compliance solution, banks and governments offering stablecoins or central bank digital currency can monitor any links to nefarious activities in real time by tracing stablecoin transactions through Syscoin.
The first phase of integration includes BitRank Verified, for which BIGG will receive $133,000 in fees to seed the initial data set for Blockchain Foundry’s solution to be launched later this year.
Lance Morginn, President of BIGG Digital Assets, commented,
“Blockchain Intelligence Group is positioned strongly to support present and future mass adoption of stablecoins and supports transparency. By partnering with Blockchain Foundry, a leader in blockchain-based business solutions, we will offer a comprehensive solution for stablecoins, security tokens, and fractionalized NFTs supported on the Syscoin blockchain ecosystem.”
Blockchain Foundry develops and commercializes blockchain-based business solutions.
BIGG Digital Assets invests in products and companies to support the future of crypto as a safe, compliant and regulated environment.
Blockchain Foundry (BCFN) is trading flat at $0.33 per share as of 9:33 am ET.
BIGG Digital Assets (BIGG) is up by 1.27 per cent and is currently trading at $1.60 per share as of 9:31 am ET.
