The Blockchain Factory promises to be the technological and regulatory bridge between the banking and blockchain world. In addition, it wants to be a specialized infrastructure partner with a banking license for crypto currency and blockchain companies. With the Blockchain Factory, SolarisBank aims to further advance the vision of decentralized and contextual banking.
SolarisBank, the first banking platform with a full banking license, will launch its “solarisBank Blockchain Factory” on 28 June 2018. The Berlin-based technology company is thus expanding its offering and creating a technological and regulatory bridge between the banking and blockchain worlds. solarisBank will thus become a specialist infrastructure provider for companies in the crypto-currency and blockchain industry.
Roland Folz, CEO of solarisBank, is confident about the Bitcoin evolution:
“solarisBank has been enabling contextual banking for over two years – modern financial services are integrated into companies’ existing offerings via interfaces (APIs) and made available to customers when and where they need them. Offers in the Bitcoin evolution blockchain and Bitcoin evolution area through the ‘solarisBank Blockchain Factory’ are the next strategic step. There is great demand from the Blockchain world for a licensed partner who can provide the technological and regulatory link to traditional banking – as a technology company with a banking license we are the natural partner.
According to the press release, solarisBank intends to use Blockchain Factory to offer banking services to companies whose business is based directly or indirectly on crypto currencies and Blockchain technology. These include, for example, the “Blockchain Company Account” for the banking transactions of Blockchain companies.
In addition, services are to be made available for global trading centres for crypto currencies in order to facilitate the purchase and sale of fiat currencies, for example via solarisBank’s “Automated Trust Account”, an automated trust account for crypto currency marketplaces.
To this end, it is working together with vPE Bank: Together, solarisBank and vPE intend to offer institutional trading of crypto currencies. Other corporate customers of solarisBank are currently integrating additional services in the area of digital banking and debit cards for blockchain companies. For example, the company promises to combine crypto currency wallets and bank accounts in a single offering.
Hybrid future of the Fiat and Bitcoin evolution world through SolarisBank
Peter Grosskopf, CTO of solarisBank, predicts a hybrid future for Blockchain and Bitcoin evolution: “The Fiat world will not dissolve. We are moving towards a hybrid future in which the blockchain world still has to prove itself. At solarisBank, we see the disruptive power of the business models and want to help shape the future of this industry. It has always been the role of banks to keep their customers’ assets in trust. Even in the age of decentralization driven by Bitcoin evolution technology, banks must continue to play this role. We are providing the infrastructure to link traditional banking with modern digital offerings.”
Founded in March 2016, solarisBank was one of the first financial technology companies with a full banking licence. Since then, the company has established its “Banking as a Platform” concept internationally. Blockchain and crypto currency offerings from the “solarisBank Blockchain Factory” are the next strategic step. In addition to the cooperation with vPE Bank, further partnerships are already in the implementation process and are expected to be launched in the course of the year.