Creating digital payment networks for the future
Aryze is a Danish company that develops stablecoins as payment solutions. According to its LinkedIn page, the project achieved notable accomplishment since its launch, including but not limited to Top 10 best upcoming fintech in Europe 2019 according to Fintech50, Most Innovative Financial Ecosystem Developer according to Technology Innovator Awards 2020, Top 50 Nordic Impact Company according to The One Initiative 2019, People’s Choice according to SDG Tech Awards 2019, Best New Danish Startup according to Copenhagen Fintech Week 2018, and more.
According to its Crunchbase profile page, the goal of the project is to develop a new payment system for the future digital world. ARYZE creates fully redeemable stable coins backed by and pegged to traditional assets. It aims to connect conventional fiat money and digital cryptocurrencies. The platform aims to become the primary payment infrastructure that allows individuals, businesses, and IoT devices to make instant payments globally in a modular ecosystem with no transaction fees. MAMA is the native multi-asset wallet application developed on the Aryze network that will let their users send, receive, and store digital currencies with near-zero transaction fees.
ARYZE has raised a total of $1.6M in funding rounds. Their latest one was finished on August 5, 2019. It has 4 core team members including Jack Nikogosian as the CEO, and 3 board members and advisors including Tony Craddock. The company claims that they are building a full-reserve bank so it can operate at a fraction of the traditional risk, using regulated cloud-native banking software, connected with the world of blockchains and smart-contracts.