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.
Project Information
Related Projects
The Reptilian Secret Society is a "play-to-earn" NFT project and decentralized community built on the Hedera network. It’s centered around a fictional universe where a secret society of reptilian beings has infiltrated every aspect of human society.
The core of the project is its series of NFT collections, starting with the "Genesis" collection of 10,000 reptilian characters. These NFTs serve as both digital collectibles and membership tokens, granting holders access to "The Syndicate," the project's decentralized autonomous organization (DAO). Ownership of these NFTs also provides access to various "play-to-earn" features, including the ability to stake NFTs to earn the project's native utility token. The ecosystem also includes a marketplace for trading the NFTs and a breeding mechanic that allows owners to create new "hybrid" NFTs.
The Reptilian Secret Society uses the Hedera Token Service (HTS) to mint all of its NFTs and fungible tokens, which ensures low, predictable transaction fees and fast, secure transfers.
Wallawallet is a dedicated mobile cryptocurrency wallet designed to provide a secure and stable experience for users of the Hedera Hashgraph network. It was developed by Ledgerama with a core mission to offer robust management for HBAR, Hedera's native cryptocurrency, and Hedera Token Service (HTS) tokens. With an emphasis on security, it operates as a non-custodial solution ensuring users maintain complete control over their private keys, which are stored directly on their mobile devices. To further enhance security and minimize attack surfaces, it intentionally forgoes a web interface, focusing on a dedicated app environment for iOS and Android.
Key features of Wallawallet include seamless sending and receiving of HBAR and HTS tokens, along with integration for Ledger hardware wallets, allowing users to combine the convenience of a mobile app with the enhanced security of cold storage. It also incorporates functionality to support the Hedera ecosystem with features to help users associate tokens in preparation for airdrops, including HBAR-weighted airdrops.
Standard Bank Group, located in South Africa, is Africa's largest bank by assets and among the longest operating financial institutions on the continent having been founded more than 150 years ago. The Group offers a comprehensive suite of financial products and services via the Hedera blockchain including a wide array of payment processing solutions for both individuals and businesses.
The firm’s primary functions include facilitating transactional banking, lending, asset finance, merchant solutions, trade finance, and international payment services for its business and enterprise clients. Standard Bank also provides insurance and asset management services.
As a member of the Hedera Governing Council, Standard Bank provides enterprise-grade, secure transactions and digitized cross-border trade processes on the immutable Hedera distributed blockchain ledger.
Standard Bank is one of the leading Hedera-based service providers utilizing Hedera's Token Service (HTS) and Consensus Service (HCS). The primary focus of this collaboration is to improve transaction efficiency and reduce costs associated with international cross-border payments.
SEALSQ is a Swiss-based semiconductor company that specialises in developing secure microcontrollers and implementing post-quantum cryptography. A subsidiary of WISeKey, SEALSQ provides the hardware foundation for securing connected devices in a wide array of industries, including smart energy, automotive, industrial automation, and consumer electronics.
SEALSQ’s product portfolio is centred on providing end-to-end digital security. This includes the VaultIC family of secure elements, which are tamper-resistant microcontrollers offering cryptographic services for authentication and data integrity. They also develop secure ARM platforms and are pioneering post-quantum RISC-V chips to protect against future threats from quantum computing. Beyond the chips themselves, SEALSQ provides Public Key Infrastructure (PKI) and provisioning services, allowing for the secure management of a device’s digital identity throughout its lifecycle.
SEALSQ is partnered with Hedera to integrate its quantum-resistant semiconductors directly into the Hedera network's infrastructure. This partnership aims to protect the Hedera ecosystem from the emerging threat of quantum computing by "future-proofing" digital signatures and communication channels. Specifically, SEALSQ's hardware will be used in the SEALCOIN project, a tokenised platform for machine-to-machine (M2M) transactions on Hedera, which is a core component of the DePIN (Decentralised Physical Infrastructure Network) being developed by WISeKey and its subsidiaries.