Connects deposits held at regulated financial institutions.

The Olasn distributed ledger, provides a multi-asset, always-on, programmable infrastructure containing digital representations of central bank, commercial bank, and regulated non-bank issuer liabilities. Creating a more effective & secure way to transfer liabilities & assets between parties. 

 

Unlocking the future

Olasn has the potential to address the challenges inherent in current infrastructure and emerging digital assets, revolutionizing the processing of trusted promises to pay at the core of regulated liabilities. Today, market participants rely on proprietary databases housed in individual data centers, leading to fragmented reconciliation and settlement processes. Olasn facilitates interoperable transfer and settlement of digital assets among regulated financial institutions, operating exclusively with regulated liabilities such as emerging Central Bank Digital Currencies and tokenized commercial bank deposits. By leveraging distributed ledger technology, Olasn provides participants with a common source of truth, operational efficiencies, and expedited payment and settlement processes. It can seamlessly run alongside existing payment systems, paving the way for widespread adoption and eventual replacement of less efficient protocols.

Distributed Payments

with trusted validators

Olasn tokenizes fiat currency and securely stores the tokens within its permissioned network, which could be backed by FDIC-insured accounts. This setup allows for internal book transfers without the immediate need to transfer the liability. Olasn collaborates with trusted enterprise partners, including banks, institutions, and other financial entities, to operate the network efficiently and securely.

  • Near instant settlement
  • Single source of truth
  • Highly scalable
  • Manage efficiently and easily
 

Unique Transaction Identifiers

With each network transaction, a distinct Digital Asset Receipt (DAR) is promptly generated and linked to an account ID, ensuring a secure and unchangeable transaction record. While Digital Asset Receipts can serve as incentives for consumers (through the development of comprehensive loyalty programs), they also offer companies and institutions a novel approach to aggregating first-party data directly. This allows for the creation of more detailed consumer profiles and helps mitigate fraudulent activities.

 

Frictionless

 

With an intuitive UI/UX, Olasn simplifies the setup and integration process into your organization. Whether you’re a PSP, ISO, PayFac, or any other fintech company, Olasn offers a seamless integration experience.