Mphasis and CrossTower Partner to Develop a “Center of Excellence” in Web 3.0 and Blockchain Technologies

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The two companies have partnered to:

– Co-invent industry-specific technical and operational solutions for digital assets, DeFi, cryptocurrencies and Web 3.0

– Co-create innovative and future-ready blockchain-based solutions to overcome current challenges of public and private industries across multiple verticals globally

BENGALERU, India and NEW YORK, January 20, 2022 /PRNewswire/ — Mphase (BSE: 526299; NSE: MPHASIS), an information technology (IT) solutions provider specializing in cloud and cognitive services, today announced its partnership with CrossTower, one of the world’s leading crypto exchanges, to build a Web 3.0-focused Center of Excellence (CoE) and a series of blockchain-based products to be launched and traded on the CrossTower platform.

Mphasis (PRNewsfoto/Mphasis)

Mphasis, with its expertise in blockchain and cloud native platforms, is uniquely positioned to partner with CrossTower.

The partnership between Mphasis and CrossTower will accelerate and grow Web 3.0 talent within Mphasis, providing new avenues for the application of innovative blockchain-based solutions across public and private industries, including financial services, blockchain sourcing, healthcare and life sciences, insurance, logistics, entertainment, art and retail. The rapid adoption of digital assets has also led financial and non-financial institutions to include them in their strategic planning.

“Mphasis was an early adopter of blockchain technology, creating industry-specific solutions around digital assets and more recently Web 3.0. We are thrilled to have the opportunity to partner with CrossTower to build a Center of Excellence (CoE). We particularly appreciate this” mentioned Nitin Rakech, CEO and Managing Director, Mphasis.

“CrossTower prides itself on its distinct and superior knowledge of commerce, technology, operational infrastructure, innovative pricing, regulation and compliance to make digital assets accessible to sophisticated retail and institutional market participants. Mphasis’ vast banking and financial services customer base would be able to leverage our Decentralized Finance (DeFi) and Blockchain solutions. form of trading and the best ecosystem to non-traditional and traditional financial service providers to grow beyond traditional assets courses,” said Kapil Rathi, CEO and Co-Founder, CrossTower.

A recent report by Market Research Future (MRFR) predicts that the Web 3.0 and blockchain market is set to grow exponentially by 2030. Considering the future of the Internet, Web 3.0 enables users and developers to use decentralized blockchain technology. This would have a significant impact on BFSI, e-commerce and retail, media and entertainment, healthcare and pharmaceuticals, IT and telecommunications, among other things accelerating business in other sectors.

Mphasis’ partnership with CrossTower is a milestone in the digital asset industry as it is about merging technologies’Next app’ innovation for the future, with the world ranking #4 in the world by CryptoCompare as a crypto exchange to create a safer, smarter and wider reach for Web 3.0.

About Mphasis
The goal of Mphasis is to be the “Driver in driverless car” for global enterprises by applying next-generation design, architecture and engineering services, to deliver scalable and sustainable software and technology solutions. Customer focus is fundamental to Mphasis and is reflected in the approach of Front2Back™ transformation by Mphasis Front2Back™ uses the exponential power of cloud and cognitive to deliver hyper-personalized services (C=X2C2MT=1) digital experience to customers and their end customers. Mphasis’ service transformation approach helps to “shrink the core” through the application of digital technologies in an enterprise’s legacy environments, enabling enterprises to stay ahead in a changing world. Mphasis’ core reference architectures and tools, speed and innovation with domain expertise and specialization, combined with built-in sustainability and a goal-oriented approach across all of its operations and solutions are essential to build strong relationships with renowned clients. Click here to find out more. (ESB: 526299; NSE: MPHASIS)

About CrossTower
Founded in 2019, CrossTower, ranked fourth in the world by CryptoCompare, is a crypto exchange with capital market capabilities. CrossTower empowers smart money to push the boundaries of what’s possible. CrossTower provides the best services and products tailored to the needs of retail traders and institutions, including hedge funds, family offices, endowments, pensions and other market participants. CrossTower leverages its extensive experience in trading, technology, operational infrastructure, innovative pricing, regulation and compliance to make cryptocurrency and digital assets accessible to sophisticated retail and institutional market participants . CrossTower has offices located in the United States, Bermuda, and India.

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