BVNK launches Layer1, a self-custody infrastructure for stablecoin payments, fast tracking market entry for fintechs

• Layer1 helps businesses avoid the complexities of developing blockchain payment infrastructure in-house, by simplifying wallet and asset management, reconciliation and integrations with third-party providers. 
• The self-custody infrastructure enables businesses to integrate digital asset payments with less than 200 lines of code, in a few weeks (vs. years with a full engineering team). 
• Since 2019 annual stablecoin settlements have grown by 18x to around $7bn in 2023 Stablecoin holders reached an all time high in April of almost 100 million, while total market cap has topped $160bn.

BVNK, global stablecoin payment provider, announces the launch of a new product, Layer1. This self-hosted, self-custody digital asset infrastructure helps businesses launch stablecoin payments quickly and securely, while keeping full control and privacy over their digital assets.

Layer1 is designed to eliminate the complexities and infrastructure challenges associated with developing in-house blockchain payment systems, by providing automated core features like the wallet creation, reconciliation, asset management and integrations with third-party providers.

Donald Jackson, Co-founder and CTO of BVNK, said: “There's a growing appetite among businesses to build products with blockchains, but it remains complex and time-consuming. Each blockchain, each digital asset, has its own quirks. We're in a unique position of starting from a green field for our own global payments infrastructure, which we’ve spent five years building. Layer1 is the culmination of our learnings and it means that other businesses can launch digital asset payments without needing to be blockchain experts, to know how this or that network behaves, or when the next hard fork is coming – and without needing to deploy an entire engineering team to develop software for two years.”

With Layer1, businesses can launch digital asset payments in multiple regions with less than 200 lines of code, in just a few weeks. Key features include omnibus wallets, automated consolidation, multi-venue trading capabilities, and comprehensive treasury management. Layer1 simplifies integration with multiple blockchains, so businesses can manage their stablecoins and other digital assets more easily. Layer1 also supports API integration with Talos, so businesses can connect to their different crypto exchanges and manage their end-to-end digital asset trading from Layer1.Unlike other market alternatives, Layer1 ensures businesses keep full control and ownership over their data and digital asset keys.

Jesse Hemson-Struthers, Co-founder, CEO of BVNK, said: “We've seen increased interest in self hosted solutions from businesses in a variety of industries – from large financial institutions to trading firms and crypto-native businesses. With Layer1, we’ve built a product that allows these firms to access core stablecoin payments infrastructure, so they can spend their time instead on building differentiated products.”