OpenPayd will provide its global banking framework to Wincent in order for the latter to enhance its access to fiat payment rails for its digital asset customers.
By leveraging OpenPayd’s framework and real-time payment network, Wincent will be able to deliver fiat capabilities for its institutional client base and perform more efficient crypto-processes when it comes to crypto-to-fiat conversion.
Wincent will also benefit from OpenPayd’s expansive network of over 200 digital asset businesses, enabling instant global money movement between counterparties within the ecosystem.
OpenPayd’s always-on infrastructure will provide significant liquidity and operational advantages for Wincent and its partners, helping to remove the friction from cross-platform fiat transfers.
Iana Dimitrova, CEO at OpenPayd, said: “We’re proud to support Wincent as they continue to scale globally.
“As the institutional digital asset space continues to mature, partnerships like this underscore the increasing demand for compliant, embedded financial infrastructure that can keep up with the pace of digital asset markets.
“Together, we’re enabling faster, more connected institutional money movement across the digital economy.”
Wincent is a high-frequency cryptocurrency market maker and OTC liquidity provider headquartered in Gibraltar. The company seeks to deliver desk trades from any current cryptocurrency, including both liquid and locked tokens.
Crypto liquidity is an essential process all digital asset firms place high value upon due to the market’s volatile nature. Wincent provides liquidity direction via voice chat, as well as click trade on multiple off-exchange platforms.
“Speed, reliability and access to liquidity are fundamental to our institutional operations,” added Boris Sebosik, Head of OTC and Business Development at Wincent.
“Partnering with OpenPayd allows us to offer just that, with instant access to fiat rails, seamless integration, and a payments network purpose-built for the digital asset industry.”
