TOKI, Progmat, and Datachain have joined forces as part of Project Pax to create an innovative platform that will enable large companies and financial institutions to conduct payments and cross-border transfers using stablecoins. This solution will accelerate and simplify financial transactions, providing a higher level of reliability and transparency.
The platform will be based on SWIFT standards, ensuring compatibility with existing financial systems. It will comply with strict international anti-money laundering (AML) and counter-terrorism financing (CFT) regulations, as well as other regulatory norms, ensuring trust and security for its users.
TOKI will be responsible for providing the inter-network infrastructure using the Inter-Blockchain Communication (IBC) protocol developed by Cosmos. This protocol will support a multi-layered security system and unified liquidity pools, which will significantly reduce operational risks and improve the efficiency of payments and transfers.
The project holds strong potential for integration with traditional financial institutions, ensuring a smooth transition to blockchain technology for everyday financial operations. The platform is expected to launch in 2025, offering new opportunities for participants in the financial market.
