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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InFiserv (NASDAQ: FISV) has officially launched INDX, a new real-time cash settlement platform tailored for digital asset companies. This innovative platform facilitates 24/7 USD settlement, offering crucial FDIC insurance eligibility up to $25 million per custodial account, enhancing security and trust in the nascent digital asset space. INDX efficiently distributes funds across Fiserv's extensive network of over 1,100 US institutions, ensuring cash remains off-chain while providing flexible programmable APIs. Building on Fiserv's strategic acquisition of StoneCastle, this initiative aims to significantly redefine fiat operations for firms operating with digital assets. The move is expected to streamline cash management for crypto businesses, potentially fostering greater adoption and stability within the broader digital asset ecosystem.