BankSocial is a global financial technology firm working to bridge traditional financial (TradFi) systems with emerging digital asset technologies. It utilizes artificial intelligence, machine learning, and distributed ledger technology (DLT), on the Hedera blockchain network.
The company offers a suite of integrated financial products and services designed for both individuals and enterprise financial institutions, with a specific focus on credit unions and their members. Key offerings include a self-custody crypto exchange, know your customer (KYC) user verification solutions, lending services, and the $BSL token, which offers staking with potential stablecoin rewards. Its ecosystem also encompasses a payments hub, fraud management tools, a digital wallet, and custom software and API development.
Its focus on the credit union sector allows it to provide partners with technology bridging TradFIi with Web3 and offers secure self-custody for cryptocurrency holdings and access to a suite of DeFi tools through a user-friendly interface.
The firm holds a Money Services Business (MSB) registration with the US Treasury’s Financial Crimes Enforcement Network (FinCEN) and Canada’s FINTRAC through Fivancial Inc.
BankSocial also developed the Secura platform, in collaboration with Hedera, which focuses on real-time fraud monitoring and asset recovery in the Web3 space.
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StraitsX is digital payment infrastructure provider and stablecoin issuer licensed by the Monetary Authority of Singapore (MAS) as a major payment Institution. It aims to bridge traditional finance (TradFi) with the digital asset economy, offering solutions for businesses and individuals to access and utilize digital currencies.
It’s primarily known for its stablecoins, which include XSGD, a token pegged to the Singapore dollar, XIDR a token pegged to the Indonesian rupiah, and XUSD, which is pegged to the US dollar. These stablecoins are designed to maintain a 1:1 synchronicity with their respective fiat currencies and feature reserves held in licensed financial institutions.
StraitsX emphasizes transparency and regulatory compliance, with each of its stablecoins issued in accordance with MAS frameworks.
The firm’s solutions support multi-chain operations, with its stablecoins available on various blockchain networks including Hedera, enabling faster, scalable, and cost-effective transactions. The company provides APIs for seamless integration, which allow businesses to accept payments, facilitate payouts, and conduct blockchain transactions.
StraitsX also offers personal and business accounts for minting, issuing, redeeming, and transacting with its proprietary stablecoins. It is currently partnered with various financial institutions including RedotPay and Visa to enable digital asset spending via card programs.
Hashgraph Application Studio is a specialized no-code/low-code development platform designed to build and deploy enterprise-grade decentralized applications (dApps) on the Hedera network. It is the result of a strategic partnership between Joget Inc., an open-source application development firm, and The HBAR Foundation. The studio essentially provides a Hedera-centric version of the Joget platform, aiming to democratize dApp development by making it accessible to users with limited or no coding expertise.
The platform’s core functionality revolves around a visual, drag-and-drop interface. This allows users to design application workflows, create user interfaces, and manage data without writing extensive code. A key feature is the "Hedera Ledger Pack," a pre-built integration that simplifies complex interactions with Hedera’s native services. Through simple configuration, users can perform on-chain actions such as creating accounts, transferring HBAR and HTS tokens, minting and burning NFTs, and logging data to the Hedera Consensus Service (HCS).
By abstracting the technical complexities of blockchain, the Hashgraph Application Studio significantly accelerates the development lifecycle for Hedera-based projects.
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Versal is a comprehensive digital asset platform providing a suite of vertically integrated tools for businesses to build and scale payment solutions using cryptocurrency. The platform is designed to bridge traditional finance with the digital asset economy, offering modular products that enable companies to manage operations, store assets, and create modern payment flows. Its core offerings include Payments, Vault, Network, and Tokenization services.
The Versal Payments module allows businesses to easily accept and disburse digital asset payments across more than 30 blockchain networks. It provides conversion-optimized checkout experiences, invoicing solutions, and e-commerce plugins. Versal Vault is a digital asset custody solution for developers, supporting both MPC and multi-sig security methods to mass deploy and manage non-custodial wallets. The Versal Network facilitates compliant fund transfers between licensed financial entities, while Versal Tokenization allows for the creation and management of new digital assets.
As a multi-chain platform, Versal supports a wide array of networks, including Hedera. This integration means that businesses using Versal’s infrastructure can offer their customers payment and payout options using HBAR and other Hedera-based tokens.
Fireblocks is an enterprise-grade platform that provides secure infrastructure for moving, storing, and issuing digital assets. Founded in 2018 and headquartered in New York, it has become a leading provider of digital asset custody, transfer, and settlement technology for a wide range of financial institutions, including banks, hedge funds, and crypto exchanges.
The core of Fireblocks' service is its institutional-grade platform that combines multi-party computation (MPC) with hardware isolation to create a highly secure environment for managing digital assets. The platform also features the Fireblocks Network, a secure and efficient network for connecting with over 1,800 liquidity partners, trading venues, and counterparties.
Fireblocks is deeply integrated with the Hedera network, providing comprehensive support for HBAR and other Hedera-based assets. It also supports the Hedera EVM, enabling clients to interact with Hedera-based smart contracts and decentralized applications. Furthermore, the Hedera Guardian, an open-source platform for ESG assets, can be integrated with Fireblocks, allowing for the secure, remote signing of transactions.