The tech giant IBM is launching a new platform designed to help financial institutions, businesses and governments manage crypto assets across multiple blockchains.
“Digital Asset Haven” will process transactions across more than 40 public and private chains, according to Tina Tarquinio, the chief product officer of IBM Z and LinuxONE.
Tarquinio says IBM rolled out the new product because “the shift from traditional to blockchain-based systems is accelerating,” forcing institutions to evolve.
“Yet, many organizations face challenges such as fragmented systems, poor integration with enterprise workflows, limited security maturity and complex regulatory requirements. Many also struggle to coordinate across business units and find long-term technology partners with the scale and credibility to support their strategy.
IBM Digital Asset Haven is designed to overcome these barriers by offering a full-stack orchestration layer that integrates with enterprise processes, unifies fragmented systems and delivers the long-term operational resilience required by regulated financial institutions.”
Tarquinio notes the new platform enables businesses to deploy secure wallets and transactions, integrate third-party services and manage cryptographic keys across jurisdictions.
The IBM executive says Digital Asset Haven will automate wallet creation and allow institutions to embed wallets into applications. The platform will also include pre-integrated Know Your Customer (KYC) and Anti-Money Laundering (AML) services.
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