Cion Digital, a SaaS blockchain orchestration platform based in the United States, announced the opening of its first office and R&D centre in Pune. This year, the company plans to invest Rs 50 crore and hire over 100 engineers with experience in blockchain technology.
Cion Digital focuses on crypto financing and payment solutions, and in January 2022, it raised $12 million in seed funding.
“A recent report by crypto exchange, CrossTower, and US-India Strategic Partnership Forum (USISPF) mention that India will hold $1.1 trillion digital asset opportunity by 2032 and is a gateway to the future decentralized world [web 3.0]. With today’s digital-savvy India willing to experiment with this emerging asset class, we are happy to be bringing our platform that will enable traditional businesses to deploy and benefit from crypto-based payments solutions previously unavailable to them,” said Snehal Fulzele, founder and CEO of Cion Digital.
This news comes as the Indian government has stated that it will work with the Reserve Bank of India to launch its own digital currency. The company offers a modular platform as well as ready-to-use payment and lending solutions, making it easier to integrate digital assets into existing payment and lending systems.
Cion Digital makes it simple for established businesses, financial institutions, and retailers to succeed in the digital asset economy without having to invest in new systems or hire additional development staff. It also gives businesses easier access to all of the connectivity, infrastructure, and support they need to deploy blockchain-based real-time payments and financing quickly.
“Our core strength is to help clients access revenue opportunities by expanding and integrating their existing financial systems to succeed in the evolving digital assets economy. We offer innovation without disruption. The funds we receive will be utilized to expand R&D resources and accelerate the rollout of crypto financing and payment solutions tailored for Financial Services companies,” said Arpit Agrawal, cofounder and chief engineering officer, Cion Digital.
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The event is scheduled to be held on the 17th and 18th of February 2022, marking the biggest tech startup event this year. The event brings together the speakers that are the best breed of entrepreneurs, innovators, venture capitalists, government department’s representatives, business model creators, consultants, policy-makers, academicians, support groups, business coaches and business practitioners.
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Click to know more about India’s biggest tech startup event: https://www.aicra.org/events/delhi/index.php
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