Web3 refers to the third generation of the World Wide Web, which aims to transform the way we interact with the internet by providing a decentralized, peer-to-peer network built on blockchain technology.
Web3 networks provide a secure, transparent, and trustless environment for transactions and data exchange, with the potential to transform a wide range of industries. Some of the key features of Web3 include:
Tokenization of assets
With Web3 technology, a variety of assets such as real estate, art, collectibles, commodities, and financial instruments, can be tokenized and represented as digital tokens on a blockchain network, providing a secure and transparent way of managing assets.
Our tokenization solution covers the entire process of tokenized asset management, from initial issuance to settlement, custody, and secondary trading, allowing our clients to take full advantage of the benefits of a tokenized ecosystem.
Asset tokenization allows investors to buy a fraction of high-value assets, with lower financial commitment than outright ownership.
Blockchain powers asset tokenization, ensuring transparent and unalterable records of ownership, transfer, and transaction history.
Tokens can be traded on a decentralized exchange, providing increased liquidity and efficiency for buying and selling assets.
Blockchain technology provides a secure and tamper-proof way to manage assets, reducing the risk of fraud or manipulation.
Tokenization makes it easier for investors to access a wider range of assets, including illiquid assets like real estate or art.
Tokenization lowers asset management costs by eliminating intermediaries and streamlining processes.
Web3 Payment Integration
Unlocking the Benefits of Web3 Payments for Businesses
By integrating Web3 payment, your business can accept digital asset payments, providing access to a global market for your products and services.
Lower Transaction Fees
Blockchain networks at your fingertips
Embracing the Future
FEB’s Web3 integration service is an excellent option for businesses looking to embrace the future of digital payments. We provide a secure, fast, and cost-effective way of transacting in digital assets and provide the flexibility needed to keep up with the ever-changing financial landscape.
Contact us today to learn more about how we can help your business.
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Finext Eastern Bank’s compliance program is robustly designed to identify and control the risk of compliance failure that could result in financial and reputational damage to FEB or to meet and adhere to regulatory requirements and standards.
The role of Compliance is to identify, assess, advise on, communicate, monitor, and report on FEB’s compliance with regulatory requirements. Policies and procedures for effective compliance are based on the Offshore Banking Act 1996 of the Commonwealth of Dominica in addition to regulations found in (including subsequent amendments):
Anti-Money Laundering and Suppression of Terrorist Financing Code of Practice, 2014, SRO 10 of 2014
Money Laundering (Prevention) Act 8 of 2011
Money Laundering (Prevention) Regulations S.R.O. 4 of 2013
Suppression of the Financing of Terrorism Act 3 of 2003
Proceeds of Crime SRO 10 of 2014
Financial Services Unit Act 18 of 2008
Offshore Banking Act 1996 & Amendments
FEB takes regulatory compliance with paramount importance. Our robust measures and policies are reviewed quarterly and monitored to ensure FEB is a diligent and responsible member of the global financial services community.