The world is at a formative point in its virtual asset journey. As financial institutions prepare for the implications of new legislation, partnerships that bring the public and private sector together are vital to building a thriving industry. With this in mind, CrimsonTide has designed the necessary software on a secure open-source blockchain network built for financial inclusion between the legacy systems and the digital modernization of money transfer. Our products create a consortium of services within an algorithmic system comprised of various utilities to trade, exchange, make payments, hedge against inflation, and digitally store value on blockchain. Our clients will see new opportunities to utilize virtual assets to enhance offerings, introduce efficiencies, and build a more inclusive financial system.
Ultimately our goal is to leverage blockchain technology to deliver meaningful infrastructure and solutions. Deployed correctly, blockchain can benefit the local economy and end-users without sacrificing oversight, accountability, or regulation.
CrimsonTide’s team is made up of software engineers and developers with over 10 years of experience in building financial products and services in the United States, Central and South American countries. Our team has helped blockchain projects go from concept to launching tokenized assets and stablecoins across global markets in ninety (90) days or less base on the size of the venture.
CrimsonTide was incorporated in Jamaica to help small businesses and institutions simplify their financial framework by using network interoperability and blockchain solutions. Regulators in Jamaica have shown a favorable posture towards the innovation of blockchain technology and creating a 2 tier system for digital development. CrimsonTide is prepared to help provide products and services for the BOJ FinTech Regulatory Sandbox.
Crimson Tide is in compliance with all existing Jamaican laws governing our operations as an online entity, including corporate Registration, tax compliance and corporate structure. Our business practices and operations meet or exceed industry standards for properly identifying customers, Know Your Client (KYC) and cash handling and cash limits, as set out by existing laws. We recognize that we are in a new and rapidly changing industry that has tangential and sometimes core relevance to several other industries including; technology, data management, entertainment, finance, e-commerce and communication. We are in constant dialogue, as needed, with the various stakeholders to ensure that our impact is always of benefit to the Caribbean community and all its citizens as this is a top priority for Crimson Tide.