<p><a href="http://www.ledgermatic.io/" target=" blank">Ledgermatic</a><span>, which recently announced it is developing treasury tools to allow enterprise and financial institutions to operate with digital assets and associated payments and workflows, has chosen Algorand as its blockchain protocol partner. Ledgermatic has also received funding from Borderless Capital, a venture capital firm focused on supporting and developing the Algorand ecosystem.</span></p>
Date
26/01/2021
The team behind Custody Digital, the digital market infrastructure specialists, today announce the launch of Ledgermatic, a push to modernize corporate treasury solutions. The Ledgermatic tools will integrate seamlessly with existing banking and ERP software to allow users to manage traditional and digital assets together and to unlock liquidity from both types of assets through one portal. It will help financial organizations future-proof their corporate treasury services, in order to remain compliant and profitable.
The finance sector is on the cusp of major change; digital assets are no longer a niche market and will ultimately become a standard feature of business for enterprises and institutions. A World Economic Forum survey predicts that 10 percent of global GDP will be stored in digital assets as early as 2027, yet CFO and corporate treasurers have no reliable tools to help them. Meanwhile different jurisdictions are evolving their regulations aroun