Custody banking software

Request For a Demo. For Support. All fields are required. Close Appointment form. Home Industry Custody. Settlement and reconciliation of securities for institutions globally Custodians have a complex product ecosystem when one considers the vast array of available services.

Since they are digital currencies, they exist and operate through IT technology and stored in digital form, called cryptocurrency wallets. A cryptocurrency wallet is a software application to facilitate storage, receiving, and sending digital assets that the wallet supports. It works very much like a bank account where you keep track of your funds in different currencies. There are different variations of cryptocurrency wallets, ranging from enterprise-grade vault storage to end-user wallet apps.

Openware can help you define and deploy the correct cryptocurrency wallet software to fit your business objectives and exposure. Cryptocurrency custody solutions are storage and security vault systems used to hold large quantities of digital currencies or tokens. Crypto Custody solutions are one of the latest innovations on the FinTech market and are the herald of institutional capital entry into the Blockchain industry.

The utility of cryptocurrency custody solutions lies in the safeguarding of cryptocurrency assets. Private keys used to conduct transactions or access crypto holdings are a complex combination of alphanumerics.

They are challenging to remember and can be stolen or hacked. Online wallets are a potential solution, but they have also proven susceptible to hacks. OpenWallet cryptocurrency custody software facilitates the storage, transaction, and security services for cryptocurrencies. OpenWallet is an excellent solution for institutional holders, such as hedge funds and cryptocurrency exchanges, who hold large amounts of Bitcoin or other cryptocurrencies. The solution incorporates a hybrid multi-layer hot, warm, and cold storage system, unlike any other.

OpenWallet aims to overcome the expected benefits and drawbacks of standard dual-layered storage procedure. For example, hot vaults are connected to the Internet and, as a result, offer more comfortable liquidity. But hot storage options may be prone to hacks due to online exposure. Cold storage solutions provide greater security compared to hot ones. Today, with fast-changing global markets, speed, scale, access, compliance and security are critical in the world of global financial trade and wealth management.

Custodial banks can maximise their operational capabilities with cutting-edge technology by implementing MoneyWare custody software. Brokers, money managers and institutional investors can manage their assets from anywhere in the world, efficiently and quickly.

Wide coverage of asset classes including equities, fixed income, funds, derivatives, foreign exchange and money market instruments. Flexible client position keeping model, real-time position update. Covers holding breakups such as: settled, to deliver, to receive, lent, borrowed, pledged. Broad range of corporate actions, with automated notifications and instruction processing.

Trade affirmation and pre-matching services, while also supporting contractual as well as actual settlements.

Extensive security features allows for stringent monitoring and control.