Tata Consultancy Services (TCS), a major IT company in India, has just launched a new crypto trading solution. It will allow the customers of banks in the country to invest in cryptocurrencies of their choice. The solution got the name “Quartz Smart Solution for Crypto Services,” as reported by Bitcoin.com.
This solution introduced by the company will help banks expand their financial offers to crypto trading. The banks and investment companies will now be able to allow their clients to diversify their portfolios. This will become possible with investing in digital assets.
The company is planning to give the investors access to such digital assets as cryptocurrencies and stablecoins, linked to fiat currencies. Apart from that, they will gain access o public blockchain networks and trading venues. Clients of the banks also receive the opportunity to use their digital assets to make money transfers. This will help them save on transaction costs. TCS believes that digital assets and cryptocurrencies present alternative opportunities for investments, thus allowing clients to diversify their portfolios.
The Indian government is still working on the way cryptocurrency is recognized and treated in the country. However, companies take small steps across different sectors. Investors also express their interest in digital assets, seeing how cryptocurrency exchanges report record numbers of signups and trading volumes.