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.

Team members
We currently don't have any public team members for
BankSocial
Related Articles
We currently don't have any published resources on
BankSocial
Related Projects
Kabila App

Kabila is a Web3 platform designed to empower digital creators by providing a comprehensive suite of tools for building and managing their own tokenized communities. Its mission is to simplify the process of launching a creator economy, making it accessible to a wide range of individuals and brands.

The core of Kabila's service is its no-code platform, which allows users to create and manage their own DAOs (Decentralized Autonomous Organizations), NFTs, and social tokens. The platform provides a full suite of tools for community engagement, including features for creating token-gated content, launching NFT collections, and managing governance proposals. This allows creators to build and monetize their communities without needing any technical expertise. The platform also includes a social feed and other tools to foster direct engagement between creators and their fans.

Kabila is built exclusively on the Hedera network. This integration is central to the platform's ability to offer a scalable, secure, and low-cost solution for its users. Kabila utilizes the Hedera Token Service (HTS) for the creation and management of all NFTs and social tokens, and the Hedera Consensus Service (HCS) to provide a transparent and auditable record of all DAO voting and governance activities.

Tradegames

Tradegames is a play-to-earn (P2E) trading simulation game built on the Hedera network, designed to offer a competitive and risk-free environment for users to test their trading skills. The platform allows players to build fantasy portfolios using real-world stock market data and compete against others to see who can achieve the highest portfolio growth over a set period. 

To participate in the competitions, users are required to own a "Vault" NFT. These non-fungible tokens (NFTs), minted on Hedera, serve as a player's entry ticket into the game's reward-based tournaments. Winners of these competitions are rewarded with $TG, the platform's native utility token. The $TG token can then be used within the ecosystem to enter exclusive games or for other platform-related activities, creating a self-sustaining game economy.

Developed with support from LimeChain, the platform leverages the Hedera network for its core functions. Both the Vault NFTs and the $TG utility token are Hedera-based. By simulating crypto and stock trading without requiring players to risk actual capital, Tradegames provides an accessible and educational entry point into the world of financial trading, all within a Web3 gaming framework.

WiCoin Crossborder

WiCoin is a stablecoin launched by WiPay, a financial technology company with offices in Africa, the Caribbean, Columbia, and the US. It was launched to address the challenges of cross-border remittance and financial exclusion in its operational regions. It was built on the Hedera network utilizing the Hedera Token Service (HTS) and Hedera Smart Contract Service (HSCS) and is pegged to the US dollar. 

It forms the backbone of the WiCoin Settlement Network, designed to create a unified system for transactions across numerous Caribbean islands, each with its own currency. It also extends into African markets and currencies.

The primary goal of WiCoin is to "bank the bankless" by providing an accessible and efficient means for cross-border payments and settlements by leveraging Hedera's fast transaction speeds, low and predictable fees, and robust security through its asynchronous byzantine fault tolerance (ABFT).

WiPay is supported by the Hedera HBAR foundation and seeks to enhance financial inclusion and streamline economic activity in underserved regions by providing a locally-accessible bridge between traditional banking services and low-cost, speedy digital transactions.

DaVinciGraph

DaVinciGraph is a comprehensive token management platform operating on the Hedera blockchain network. Its platform is designed to enhance the functionality and efficiency of projects within the Hedera ecosystem through a suite of service offerings for token creators and NFT projects.

Its key offerings include tools for on-chain token management, token locking and vesting, and a token burner service for managing supply called “Blackhole.” This feature allows for permanent removal of tokens from circulation, ideal for creating deflationary effects or making irreversible token commitments within the Hedera ecosystem. 

DaVinciGraph also features "DaVinciPics," a service for managing and displaying token and NFT logos consistently across decentralized applications (DApps). 

The DaVinciGraph platform offers a token launchpad for new projects to introduce their tokens and a novel airdrop system. It also features the DAVINCI token, which gives holders unique access to NFT and related events. Its overall goal is to support a scaling, secure, and transparent environment for comprehensive token lifecycle management and project funding.