2023 Fintech and Financing Conference & Expo

Stablecorp and Balance Partner to Enable Individuals and Businesses to Access Secure Blockchain Treasury Management Solutions

Stablecorp | Release | Nov 22, 2022

Stablecorp Grapes Finance Balance - Stablecorp and Balance Partner to Enable Individuals and Businesses to Access Secure Blockchain Treasury Management SolutionsGrapes Finance enables individuals and businesses to access blockchain-powered treasury management solutions, now including cost-effective custody in the user's legal title, provided by Balance

  • Stablecorp and Balance, two leading blockchain financial service providers, today announced a partnership which allows users of Stablecorp's treasury management platform, Grapes Finance, to seamlessly access Balance's institutional grade custody solution, Balance Custody.
    • Grapes offers its users a powerful platform for treasury management which provides access to foreign exchange and global payments systems in digital assets and fiat currencies and select access to yield and credit products via an integrated portal built on blockchain rails enabling enhanced transparency and control.
    • Through this partnership, Grapes Finance users can now seamlessly onboard with Balance Custody and establish digital wallets in their own name while retaining control over these wallets through Grapes Finance's front end.

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  • Pilot User:  As an early adopter in the space, law firm Wildeboer Dellelce LLP has opened a Grapes Finance account and enabled integration with Balance Custody, empowering them to accept payments for legal services in select digital assets.
    • These payments settle directly into the firm's wallet, secured by Balance's SOC 2 certified infrastructure, and can be held natively as digital assets or converted into fiat through Grapes' fiat offramp engines.

Alex McDougall, CEO of Stablecorp:

We believe this partnership ushers in a new standard for custody for both individual and small to medium-sized business users that is desperately needed in the market.  Currently, opaque commingled arrangements, complicated self-custody, or high monthly minimums for dedicated custody infrastructure are the only options available. Having access to zero monthly minimums, retaining full legal title, and having one-click access to treasury management functionality as offered through this partnership will be a complete game changer for these users, and more broadly, for the entire industry. While 'not your keys, not your crypto' might not be realistic to achieve in onboarding the next generation of scaled digital asset users, 'not your legal title, not your crypto' most certainly is.

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George Bordianu, CEO of Balance:

Traditionally, end-user assets are held at the custodian in the name of an intermediary such as a broker-dealer.  Users do not retain the legal title, nor can they directly access their assets independent of such intermediaries. There's no reason to keep doing that in this day and age. We're extremely excited to introduce this new model in partnership with Stablecorp, and to enable Wildeboer Dellelce and hopefully many others to take direct ownership and control over their digital assets.

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NCFA Jan 2018 resize - Stablecorp and Balance Partner to Enable Individuals and Businesses to Access Secure Blockchain Treasury Management SolutionsThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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