Press Release

Blockchain Correspondent Banking For Crypto Transactions With Easy Set-Up Update

Following the announcement, the consultancy provides clients with a robust, secure alternative to traditional cross-border money transfers. SAXE Global is at the forefront of tackling digital currency’s scalability issues for international businesses and disrupting the power dynamic of orthodox banking for global transactions.

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As part of its expanded correspondent banking services, SAXE Global facilitates crypto licensing for clients across the globe, assisting companies and traders that wish to convert high-ticket cryptocurrency to FIAT and vice versa. These transactions are delivered via vetted and verified counterparties, ensuring efficient and cost-effective transfers.

According to a report by the International Monetary Fund, cross-border payments are infamously slow and opaque, creating multiple frictions and driving the costs of transactions upward for all parties. The piece highlights why more banks and businesses are moving toward digital currency for greater transparency and efficiency, with discussions already underway on how a digital cross-border exchange might facilitate the trading of tokenised money between nations.

SAXE Global’s correspondent crypto banking solutions harness the potential of blockchain and decentralised ledger technology to increase payment speeds at lower fees than traditional banks. The move toward tokenising instruments such as stocks and bonds also helps create a more efficient and interoperable capital market. In addition, the existing SWIFT system for international transfers involves multiple intermediaries, any of which can create processing bottlenecks and the potential for errors.

SAXE Global’s crypto banking solutions extend across EU exchanges and offshore accounts. The team offers expertise in every facet of international transfers and banking, from tax optimisation to asset protection alongside full legal and regulatory adherence.

The SAXE Global partnership framework was officially launched in January 2022. While most of the consultancy’s business can be conducted remotely, clients may also visit the London offices for in-person consultations if they prefer.

A spokesperson says, “SAXE was founded by a group of financial and management consulting professionals with an aim to disrupt the global independent advisory market. Having gone through countless unsatisfactory processes of engaging “advisors” on cases ranging from a simple bank account opening to company formation, we set out with a mission to create a safe haven for the modern entrepreneur.”

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