Designed to operate within existing U.S. legal and regulatory framework, Claims are USD-denominated, digital representations of funds held in trust at Xand-enabled banks.
Xand Alpha is member-owned. Members vote on network rules, investment objectives for funds held in trust, and adding new members.
Xand Alpha is built with the latest in deployment technology and APIs for easy integration. For banks, Xand Alpha does not require any software development.
Built with the latest proven cryptography so transactions remain confidential and a design that ensures the network is private for its members.
While the funds are in transit, companies cannot deploy the cashflow into their business or must rely on other financial arrangements to cover capital requirements. This problem is further exacerbated over weekends and holidays.
Newer blockchain-based payment systems are emerging quickly, including ecosystems built around cryptocurrencies and stablecoins. These new systems may meet the need for faster payments and lower costs but introduce added complexity for businesses to manage.
Counterparties can utilize the same bank in order to facilitate real time transactions. However, that approach centralizes credit risk with one entity and may add a new bank relationship to manage.