Fiserv has launched INDX, a real-time cash settlement platform designed for digital asset companies to securely store and transfer US dollars 24/7. This platform allows funds to be distributed across Fiserv’s Deposit Network, offering up to $25 million in FDIC insurance by leveraging over 1,100 insured US banks, keeping cash off-chain while providing rapid settlement. INDX aims to provide a faster, more secure, scalable, and programmable solution for institutional traders, enhancing deposit funding solutions following Fiserv’s acquisition of StoneCastle.
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Fiserv Introduces INDX, a Real-Time Cash Settlement Platform for Digital Asset Companies
Fiserv has launched INDX, a real-time cash settlement platform designed for digital asset companies to securely store and transfer US dollars 24/7. This platform allows funds to be distributed across Fiserv’s Deposit Network, offering up to $25 million in FDIC insurance by leveraging over 1,100 insured US banks, keeping cash off-chain while providing rapid settlement. INDX aims to provide a faster, more secure, scalable, and programmable solution for institutional traders, enhancing deposit funding solutions following Fiserv’s acquisition of StoneCastle.