On January 18, Nuant joined the OpenWealth Association, contributing to advancing digital assets risk management within Swiss banking, WealthTech, and traditional finance, per the information shared with Finbold.
In doing so, Nuant recently joined traditional finance entities such as Credit Suisse, LGT, VP Bank, and WealthTech firms like Assetmax and InvestSuite.
This strategic partnership represents a noteworthy progression in crypto investment risk management within Switzerland’s financial sector.
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The OpenWealth Association aims to establish, uphold, and implement open Application Programming Interface (API) standards within the global wealth management community. This commitment aims to facilitate seamless financial data exchange among institutions.
Nuant as representative of the CeDeFi sector
Nuant, a participant in the CeDeFi sector, offers advanced risk management tools designed for institutional investors in digital assets. Its inclusion in this group marks the growing interest in digital assets among traditional financial institutions and reflects its commitment to integrating DeFi insights into mainstream finance.
Switzerland’s financial sector, known for its strength and innovation, is poised to benefit from this collaboration. Nuant brings forth its technological capabilities and profound expertise in digital assets risk management, effectively addressing the intricacies of the contemporary and diverse investment landscape.
Rachid Ajaja, Founder & CEO of Nuant, added:
“Joining the Open Wealth Association marks a milestone for Nuant. We’re eager to share our knowledge and learn from pioneers in the global financial system. Educating new institutional players about managing risks in digital asset investments is vital for understanding the potential of this emerging asset class. We’re thrilled to collaborate with remarkable individuals to drive innovation, partnership, and the broader integration of DeFi and web3 in the finance industry.”
Through collaboration with the OpenWealth Association, Nuant plans to strengthen Switzerland’s global standing as a leader in advanced financial services and risk management within the digital asset domain.
