Blockchain is a decentralized electronic shelf that is an integral part of Web 3.0, the next generation of Internet services. India’s top IT company, Tata Consultancy Services, has made its foray into the blockchain space by backing smart ledger startup Quartz. Through a regulatory submission, TCS announced that its Quartz for Markets solution was named Outstanding Innovation of the Year in the Industry Excellence Awards established by Asset Servicing Times.
The start-up will help enterprises service the digital asset lifecycle across business functions such as issuance, custody and asset servicing by seamlessly integrating with their existing IT landscape. The solution comes with configurable templates for different tokenized assets, allowing the issuer community to diversify their investment portfolio while attracting capital from a diverse investor base across the market. can be procured.
The solution offers sophisticated storage models including omnibus, segregation and unique tenure models along with agency-level security features. Built for coexistence, integration and interoperability, businesses can quickly track innovation and growth strategies by easily adding new-age tokenized assets to the traditional asset set they manage I can do it.
“The Asset Servicing Times Industry Excellence Awards are dedicated to supporting and recognizing talented and dedicated companies, individuals and departments across the financial services industry. We will work with The Securities Services Advisory Group (TSSAG), a thought leadership forum, to shortlist and judge the winners.Congratulations to Quartz from Tata Consultancy Services for winning the Outstanding Innovation award.Nominations Learn how blockchain is being deployed in purpose-driven and meaningful ways by market infrastructure institutions, custodians, banks, and other players providing services on traditional and tokenized securities. It was about.” Service time.
R Vivekanand, President of BFSI Products & Platforms at TCS, said: This solution builds on his TCS position as one of his leading providers in the market infrastructure and asset services sector. “
Quartz for Markets provides an end-to-end next-generation service for tokenized securities to support the future growth of MII including exchanges, depository institutions, central banks, payment infrastructures, private banks, custodians and issuers. promote. The solution offers a comprehensive set of services for managing tokenized digital assets, including issuance, custody, secondary market trading, settlement, and oversight.
Support digital asset services including eVoting/conference services. Quartz for Markets offers fiat, crypto, stablecoin, and digital currency payment options, including multiple token standards such as the ERC/R3 Token SDK, and can be deployed in on-premises or SaaS models. It also provides robust security features such as key management capabilities using Thales HSMs and Multi Party Compute (MPC) to protect wallet operations.