An innovative blockchain solution powered by Hyperledger Fabric helps banks implement DeFI services in days – Hyperledger Foundation 2025 Update: Off to a Fast Start! Read on → Search Join About About Explore membership Members Technical Advisory Council Governing Board Speakers Bureau Staff FAQ Store Contact us Technologies Ledger technologies Interoperability Integration & implementation Decentralized identity Cryptographic tools & protocols Project matrix Labs All projects Deploy Certified service providers Vendor directory Training partners Participate Why get involved? 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There are still lots of issues to solve before we can celebrate the coming of a new digital banking age: Customers of even the same bank can’t directly interact with each other; Cross-border transfers remain expensive and ridden with middlemen; Bank users can’t convert fiat into crypto and back; and New banking services take ages to develop, approve and introduce. In DeFi, most of these problems have already been resolved. Users can lend each other money directly; earn more than 10% a year on crypto deposits; send money abroad in seconds, and much else. Banks could greatly benefit from these instruments. The problem is that developing a crypto-fiat DeFi platform from scratch is expensive and requires expertise that most banks’ IT teams simply don’t have.  Introducing Cryptoenter: a turn-key DeFi solution for banks The way to solve this conundrum is to implement a versatile DeFi infrastructure that any bank could use out of the box. That’s exactly what Cryptoenter does: it’s a ready-to-use platform that facilitates interactions between banks and their users – as well as between users themselves, wherever they are in the world.  As soon as a financial institution integrates Cryptoenter, its customers gain access to dozens of DeFi services: P2P lending (users issue each other loans in crypto and fiat); Cryptocurrency/fiat wallet; Fiat-crypto and crypto-fiat gateways; Instant and cheap cross-border transfers (remittance fees don’t exceed $1); Real-time value exchange; Payment processing and acquiring; Crowdfunding and a social network for investors; Issuing stablecoins and new cryptocurrencies; Interbank payments, and much else. Essentially Cryptoenter provides a virtual banking front end and a ready system for managing customers’ fiat and crypto accounts. As long as two banks sign up as validators on Cryptoenter, their customers can interact with each other in the same way as customers of the same bank. For the financial institution, the benefits are many: Extra revenue (charging fees on DeFi services); Increased customer loyalty; Expansion into new regions (branchless banking); Easy customer acquisition. Scalable and easy to implement Thanks to a handy API, Cryptoenter is quick and easy to integrate into the backend and frontend of any bank. Every end customer gets a personal crypto-fiat wallet and can start using DeFi services immediately through the familiar interface. Meanwhile, the bank itself can focus on marketing instead of spending money on product development.  To ensure scaling and speed, Cryptoenter leverages Linux Foundation’s Hyperledger Fabric – the first DeFi project to do so. The platform also uses Rubicon Blockchain by Smart Block Laboratory and a number of IBM solutions, including IBM Cloud, Kubernetes, and Cloud Object Storage. The following diagram shows the interactions within the Cryptoenter infrastructure: According to a recent report, banks spend 72% of their IT budget on maintaining existing systems. Cryptoenter allows any bank to implement a complete DeFi system for a fraction of that budget – and enjoy all the benefits of digital banking without any additional development.  View previous blog post Back to all blog posts View next blog post The latest community news in your inbox Select the checkboxes below for the monthly decentralized digest and dev/weekly newsletters About LF Decentralized Trust The Linux Foundation's flagship organization for the development and deployment of decentralized systems and technologies. About Members TAC Governing board Speakers bureau Staff FAQ Contact us Technologies Ledger technologies Interoperability Integration & implementation Decentralized identity Cryptographic tools & protocols Project matrix Labs Participate Why get involved? 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