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Magic

Magic is a Wallet-as-a-Service (WaaS) platform that provides developers with tools to streamline user onboarding for decentralized applications, including those built on the Hedera network. The platform's core offering is an SDK that enables seamless authentication and the instant creation of non-custodial wallets for end-users, bypassing many of the traditional complexities of Web3.

For the Hedera ecosystem, Magic allows dApp developers to offer familiar Web2 login methods, such as email or social accounts, instead of requiring users to manage seed phrases or install separate browser-extension wallets. When a user logs into a Magic-enabled Hedera dApp, a secure, Hedera-compatible wallet is automatically generated for them in the background. This wallet is fully capable of interacting with the Hedera network, allowing the user to sign transactions, manage HBAR and HTS tokens, and engage with smart contracts.

The underlying technology uses a delegated key management system, where private keys are encrypted and stored in secure hardware modules, ensuring users retain full control and ownership of their assets without the burden of direct key management. 

Power Transition

Power Transition is a UK-based clean technology company founded in 2018. Its focus is on accelerating the global shift to a zero-carbon economy by providing a smart software platform that optimizes and decentralizes energy systems.

The core of Power Transition's service is its Digital Energy Platform, a revolutionary energy resource management system that uses distributed ledger technology (DLT) to enable the tokenization of energy. This platform provides a common language for energy transactions and trading, allowing millions of devices, from electric vehicles to smart home appliances, to become active participants in the energy system. Key services include Smart MicroGrid Services, which enable peer-to-peer energy trading within a community, and Electric Vehicle Integration Services, which provide a single point of billing and data validation for EV fleet operators.

Power Transition's entire platform is built on the Hedera network. It leverages the Hedera Token Service (HTS) and the Hedera Consensus Service (HCS), Power Transition to tokenize and energy use, providing a transparent and auditable record of all transactions.

Jewel Bank

Jewel Bank is a Bermuda-based financial institution focused on bridging fiat banking with digital asset infrastructure through its proprietary stablecoin and banking service solutions. It has full TradFi banking and digital asset business licenses from the Bermuda Monetary Authority (BMA) and is the first dedicated digital asset bank in the area to receive both licenses.   

Its primary clients are non-US digital asset firms including exchanges, institutional investors, and OTC trading firms. Jewel Bank offers a full suite of banking services including business checking and deposit accounts, wire transfers, fiat on and off ramps, and digital asset custody.   

Jewel Bank also issues its own US dollar-backed stablecoin, Jewel USD ($JUSD). This is a fully-reserved stablecoin offering transparency through regular reserve updates and banking-as-a-service offerings via API as well as cryptocurrency-collateralized lending. 

The firm is currently developing stablecoins-as-a-service solutions alongside its real-time settlement network, "Jewel Settle," which offers instant settlements for cross-bank transactions conducted by Jewel Bank customers.