The Blockchain Factory promises to be the technological and regulatory bridge between the banking and blockchain worlds. She also wants to be a specialized infrastructure partner with a banking license for cryptocurrency and blockchain companies. With the Blockchain Factory, SolarisBank intends to push forward the vision of decentralized and contextual banking.
SolarisBank, the first banking platform with a full banking license, will start on 28.06.2018 with its "solarisBank Blockchain Factory". In doing so, the Berlin-based technology company is expanding its offering and creating a technological and regulatory bridge between the banking and blockchain worlds. As a result, solarisBank becomes a specialized infrastructure provider for companies in the cryptocurrency and blockchain industries. Roland Folz, CEO of solarisBank, is confident:
"SolarisBank has been providing contextual banking for over two years - modern financial services are integrated into existing enterprise offerings via interfaces (APIs) and made available to the customer when and where they need them. Blockchain and cryptocurrency offers through the 'solarisBank Blockchain Factory' are the next strategic step. There is a lot of demand from the Blockchain world for a licensed partner who establishes 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's Blockchain Factory intends to provide banking services to companies whose businesses are based, directly or indirectly, on cryptocurrencies and blockchain technology. This includes, for example, the "Blockchain Company Account" for the banking business of Blockchain companies.
It also aims to provide services to global cryptocurrency trading venues to facilitate the purchase and sale of Fiat currencies, for example through the Automated Trust Account of solarisBank, an automated trustee account for cryptocurrency marketplaces.
For this purpose, we are cooperating with vPE Bank. Together, solarisBank and vPE intend to offer the institutional trading of cryptocurrencies. Additional corporate customers of solarisBank are currently integrating additional services in the area of digital banking and debit cards for blockchain companies. Thus, the company promises to combine cryptocurrency wallets and bank accounts in one offer.
Hybrid future of the Fiat and Blockchain world through SolarisBank
Peter Grosskopf, CTO of solarisBank, foresees a hybrid future for Blockchain and Fiat:
"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 business models and want to help shape the future of this industry. It has always been the role of banks to hold assets of their clients with confidence. Banks must also play this role in the age of blockchain-driven decentralization. We provide the infrastructure to connect traditional banking with modern digital offerings. "
With the foundation in March 2016, solarisBank was one of the first financial technology companies with a full banking license. Since then, the company has established its "Banking as a Platform" concept internationally. Blockchain and cryptocurrency offerings through 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 during the course of the year.