A new digital asset company was announced at Money2020 today, and based on its executive roster it has a chance to make waves in the industry.
Cion Digital has been operating in stealth mode for several months as it quietly introduced the Cion Blockchain Orchestration Platform. It is engineered to speed integration, provide optionality, prevent technical debt from the onset and remove friction from creating blockchain-based real-time payment and financing solutions.
The orchestration platform facilitates real-time money movement using blockchain technology. It offers both ready-to-use solutions and rapid integration to leading crypto exchanges, cutting edge DeFi protocols and aggregator services that create a bridge from DeFi to traditional finance.
“We wanted to create a simpler way for institutions to quickly and seamlessly connect with the complex and ever-changing world of decentralized finance,” said Cion Digital’s founder and CEO Snehal Fulzele. “We brought together very senior FinTech leaders who’ve helped banks, payments and lending institutions adapt and evolve as digital and cloud have transformed finance systems. Our leaders understand payments, banking and lending incredibly well, and know institutions need solutions that quickly evolve their existing financial systems for the new digital economy and prevent them from being disrupted.”
Fulzele was co-founder and CEO of Cloud Lending Solutions, which he led from inception to its acquisition by Q2 Holdings, and as senior vice president and GM of Cloud Lending at Q2.
Cion Digital’s co-founder, Fred Brothers, is a 25-year fintech executive with roles including EVP, CIO and chief strategy officer at FIS, VP eCommerce Strategy at CheckFree (now Fiserv) and a Cardlytics board member. Other executives include CMO Katie Robinson (Alliance Data, FIS), EVP Engineering and GM India Arpit Agrawal (Blockchain Simplified), EVP and GM APAC Chris Boas (Q2/Cloud Lending, Misys) and EVP and head of US Sales Jim Donatell (Q2/Cloud Lending, JPMorgan Chase).
In the coming days, Cion Digital said it expects to announce numerous new clients and launch Pay-With-Crypto and Buy-Now-Pay-Later solutions on the Shopify and Ecwid eCommerce platforms. According to Markets and Markets, in the next five years crypto assets are expected to grow at 24 per cent CAGR, versus five per cent CAGR for traditional assets.
“Because we’re experienced fintech industry leaders, we understand the need for institutions to continue driving shareholder value by capturing this untapped market in a controlled and secure manner,” said Fulzele.
Institutions can request Cion Digital’s latest whitepaper to learn more about their Blockchain Orchestration Platform and how they’ve used it to create a Vehicle Financing Solution at www.ciondigital.com/whitepaper.