Tata Consultancy Services from India Launches DLT based Cryptocurrency Trading Solution


Major Indian IT Company TCS has announced
the launch of its crypto trading solution dubbed as “Quartz” for its financial
institutional clients. By deploying this smart crypto services solution, the
banks and investment firms can now facilitate their clients to diversify their
portfolios into cryptocurrencies investment and trading.
What is Quartz?
Quartz is the next-gen smart solution for
crypto services that offers secured and seamless cryptocurrency trading. It
supports multiple cryptocurrencies and stable coins, digital currencies linked
with fiat currencies, public blockchain networks, and trading locations.
Moreover, it offers a digital cash transfer
facility to the clientele of the financial institutions along with lower
transactional charges and quick access for assets liquidity.
Quartz is a set of distributed ledger
technology solutions designed to serve various industries. It can be integrated
with the existing business ecosystems and provides close monitoring and
assistance from its Command center.
R Vivekanand, Global Head, Quartz, TCS
elaborated:
“Cryptocurrencies, digital fiat currencies,
and digital assets are poised to become viable alternate avenues for investments,
hedging, and portfolio diversification. Progressive financial institutions are
looking to provide these options to their clientele. We are excited to offer
then our robust secure and scalable solution for trading, storing, and transfer
of these assets.”
He further added, “We believe Quartz is
well ahead of the curve in providing such a solution that allows customers to
transact in multiple cryptocurrencies and digital assets backed by
best-in-class security features.”
The rapid growth of crypto ecosystem in
India
Though the Indian government is still
ambiguous about crypto policies and the Central bank- Reserve Bank of India is
reluctant towards the growing significance of the crypto ecosystem in India,
the winds of crypto approval are propelling the entire ecosystem. Local crypto
exchanges have been reporting high trading volumes with a growing number of
entrants. Recently top global exchange Binance has entered into the Indian
scenario by the acquisition of the WazirX exchange platform.
More about Tata Consultancy Services
(TCS) Ltd.
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Jayashree Ingle
CBW - External Analyst
INDIA