BCB Group, a European provider of corporate accounts, cryptocurrency and foreign exchange liquidity, today announced the acquisition of LAB577, a software engineering studio at the crossroads of financial services and emerging technologies.
As a multi-regulated institution, BCB Group offers its clients a full suite of payment processing, cryptocurrency trading and custody services accessible through a unified API-enabled platform, allowing clients to access to a full range of digital asset services in one place.
“As one of LAB577’s early customers, we have always been impressed with their ability to deliver innovative blockchain technology in a way that works well in both TradFi and DeFi. We are excited to bring Richard and his team back into the group, where we can build things the industry needs much more closely and quickly together. »
– BCB Group Founder and CEO, Oliver von Landsberg-Sadie
After four years of collaboration, the partnership between LAB577 and BCB Group has now deepened, with the emerging technology software company becoming the latest company to join the group. Collaboration was seen in the connection of their two financial products, BLINC and DASL.
- BLINC is the BCB group instant settlement network and one of the first real-time payment networks of its kind to allow free real-time fiat and cryptocurrency transactions.
- Developed by LAB577, DASL (Digital Asset Shared Ledger) is a shared Corda-based digital asset ledger for financial institutions that mitigates business risk in managing digital assets, including cryptocurrencies.
Together, BLINC and DASL have accelerated the customer offerings that BCB Group has brought to market. With transparent registry and settlement services integrated into fiduciary banks and digital asset custodians, DASL provides high-speed two-way transactions with complete confidentiality between parties.
“We are excited to have LAB577 join the BCB Group to accelerate our next chapter of shared growth. DASL’s integration with BLINC will expand participants’ ability to instantly settle in any currency or digital asset, without limits.
– Richard Crook, Founder of LAB577, who now becomes the COO of BCB Group