Blokcstruct GmbH developed and deployed the end to end solution for a Euro-backed Stable Token for Raiffeisen Bank International (RBI).
Regulation-compliant user identification and accounts management hosted on Microsoft Azure Germany, integration of the blockchain accounts/wallets and token issuance, transfer and burning functionality provided by the 0bsnetwork, as well as smart account that controls access to the token (whitelist of approved accounts), integration with Raiffeisen Bank International banking systems and automation of the entire process flow were all developed in only a few months at unprecedented low cost. RBI engaged an independent cybersecurity company Citadelo to verify that the REST token, as it is called, system and infrastructure are indeed banking-grade from the security point of view and we passed the tests with flying colours!
Fully functional Demo on the 0bsnetwork TestNet is available here.
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