Tassat® Partners with Glasstower Digital on Cross-Border Digital B2B Payments
16 Mayo 2024 - 3:44PM
Business Wire
Alliance boosts Glasstower's position with market-leading
blockchain-based digital payments technology
Tassat Group, Inc., the leading provider of private permissioned
blockchain-based real-time settlement solutions, today announced
its strategic partnership with Glasstower Digital Inc., a financial
technology company facilitating cross-border, blockchain-based, B2B
remittances.
The collaboration accelerates global digital payments for
multi-national corporate institutions and empowers Glasstower with
a revolutionary turnkey technology solution for immediate, secure,
and cost-effective digital cross-border payments.
Tassat’s interoperable infrastructure empowers financial
institutions with real-time transaction, settlement, and data
reconciliation capabilities. TassatPay, the company’s flagship
product, is the most trusted real-time finance platform with more
than $1.8 trillion in executed transactions to date.
“Private blockchain delivers immediate value for corporate
organizations to execute cross-border transactions for treasury
management with greater control of security and efficiency in a
trusted, auditable and streamlined system for sharing data and
executing agreements by leveraging smart contracts,” said Zain
Saidin, Chief Executive Officer of Tassat. “Glasstower’s model of
using money market funds as a non-bank B2B cross-border digital
payments rail provides liquidity efficiency and diversification for
risk management.”
Powered by Tassat, Glasstower’s technology platform provides
corporate users with high yields on balances backed by global money
market asset managers. Its ecosystem of trusted, well-regulated
participants operates seamlessly within Glasstower’s tightly
permissioned digital environment.
“Tassat’s proven, industry-leading technology is a major asset
for financial organizations and service providers,” said Keith
Styrcula, CEO and Founder of Glasstower Digital. "The digital
transformation of capital will revolutionize finance on a global
basis and Glasstower's partnership with Tassat will accelerate our
momentum in bringing a first-of-its-kind, blockchain-based B2B
digital payments technology solution to our corporate and
institutional users.”
According to Juniper Research, global B2B payments are projected
to grow 40% to $124 trillion by 2028 following widespread adoption
of digital payments. Glasstower’s money market-based technology
platform is uniquely positioned on the cutting-edge of the cross
border B2B digital payments revolution.
About Tassat Group Tassat Group, Inc. is a N.Y.-based
technology company. Tassat is an infrastructure provider to empower
organizations with private blockchain-based, real-time transaction,
settlement, and data reconciliation solutions. Tassat’s offerings
include TassatPay, the most trusted real-time finance platform with
over $1.8 trillion in executed instantaneous transactions to-date.
Tassat has added Smart Contracts and Fedwire functionality to make
TassatPay a one-stop shop for B2B real-time settlement
capabilities. Tassat was honored with a 2021 Google Cloud Customer
Award for innovation in financial services. For more information,
visit us at www.tassat.com, on Twitter or on LinkedIn.
About Glasstower With a consortium of over twenty global
financial partners and advisors, Glasstower Digital Inc is a
first-of-its-kind fintech technology platform that allows
money-markets-fund-backed cross-border B2B payments. Glasstower
users can affect FX transmittals at a fraction of the cost and a
fraction of the time it typically takes for funds to clear. Users
of Glasstower’s B2B FX tech solution are multinational
corporations, CFOs, treasury managers, international charities,
global professional services firms and financial institutions. The
company is headquartered in Greenwich, Connecticut and its website
is www.glasstower.co.
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version on businesswire.com: https://www.businesswire.com/news/home/20240516258902/en/
Tassat Media Nneka Etoniru tassat@bevelpr.com
Glasstower Digital Media Scott Krady
scott@magnitude-growth.com