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NewProducts

Trusted platform speeds crypto

exchanges, settlements

Believing that financial inclusion impacts financial
institutions and businesses as well as underbanked
individuals, Kats mentioned that numerous licensed
financial institutions and businesses are unable to access
essential banking accounts and cross-border solutions.
Typical challenges include high FX and transaction costs,
two-to-three-day average settlement times, difficulty in
lear Junction, a provider of cross-border pay- accessing multi-country payment options and risk appetite
ments solutions for regulated institutions, for banking partners.
launched CJClique, a platform designed to help
C its digital asset clients connect and collaborate. Kats went on to say that Clear Junction has maintained well-
With CJClique, liquidity providers in the digital asset space controlled organic growth as a bootstrapped enterprise.
can streamline settlements by identifying which crypto While acknowledging the company could grow faster, had
exchanges are already part of the Clear Junction client base it not been so particular about selecting clients and adhering
and initiate prompt internal settlements through its pay- to regulatory compliance, she characterized its principled
ment network, the company stated. approach as a competitive advantage and differentiator.
Technology hub
Dima Kats, CEO at Clear Junction, pointed out that the
platform can help alleviate uncertainty and counterparty Kats also mentioned that Clear Junction's always-on, always-
risk when sending assets on-chain. Clients can combine connected technology provides fiat clearing for financial
CJClique with Clear Junction's escrow solution for instant institutions, banks, remittance companies, payment service
fiat settlements, 24/7, she said, noting that the platform providers and crypto companies, many of whom require
provides a centralized hub where crypto exchanges can a 24/7 network for time-sensitive settlements. Clients
meet and collaborate. now have the added option of using CJClique to facilitate
prompt settlement of payments across the ecosystem, she
End-to-end added. Absent failed crypto platforms Silvergate Exchange
"CJClique ties nicely with our escrow product," Kats said. Network and Signature's Signet, along with Silicon Valley
"This is our API-driven anti-fraud solution which transforms Bank, which was heavily invested in crypto, CJClique
a financial product that has existed for centuries—escrow— offers Clear Junction clients a frictionless way to settle with
and applies it to a sector that has been around for a little counterparties instantly, around the clock and without
over a decade—crypto." depending on traditional banking hours, the company
stated.
Kats further noted that escrow accounts are traditionally
used in real estate transactions to mitigate risk by using By ensuring settlement risk is eliminated, fiat and crypto
a third party to hold a buyer's payment until agreed businesses that use Clear Junction can give customers the
conditions are met. Clear Junction was first to utilize this confidence to safely transact with crypto and convert into
concept for crypto and fiat trading transactions, she added. fiat money at competitive FX rates, Kats said, adding that
the solution builds trust into digital asset trading busi-
She also affirmed that Clear Junction verifies every nesses, which is sorely needed in this sector. Kats stated
step of a transaction through its internal API system that Clear Junction will continue to expand its suite of com-
using blockchain data, address validation and real-time plementary solutions in the coming months with an array
monitoring until escrow funds are released and both of new product launches. "Our name says it all—through
parties receive 100 percent of what they expect. our proprietary technology we provide a way to clear pay-
ments and offer a junction between banking partners and
Financially inclusive industries to speed up safe transaction flows.
As an FCA-regulated e-money institution in the UK and
regulated payment institution in the EU, Clear Junction Company: Clear Junction
is a compliance-led business committed to protecting
clients, customers and partners. The company's mission Product: CJClique
is to promote financial inclusion to regulated financial Website: https://clearjunction.com
institutions that cannot access payment services from
traditional banking partners. Contact: partners@clearjunction.com
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