MODESTO, Calif.–Mocse Credit Union said it will join in the Metal Blockchain Banking Innovation Program from Metallicus.
According to the company, the $434.3-million MCU recognizes blockchain technology is a catalyst for enhancing traditional finance.
“Mocse Credit Union’s enrollment in our Banking Innovation Program is a key step in incubating blockchain and banking solutions alongside an expanding network of credit unions, CUSO’s and fintechs,” Frank Mazza, director of Blockchain for Institutions & Fintechs at Metallicus said in a statement. “As institutions advance through the program and deploy use cases, they connect to The Digital Banking Network, reducing transaction costs, enhancing operational efficiency, and providing greater services for their members.”
According to the company, Metal Blockchain’s Banking Innovation Program helps institutions implement customized blockchain solutions that adhere to regulatory standards like BSA Compliance while addressing their specific operational demands.
Focus on Use Cases
“By focusing on use cases such as Stablecoins, Cryptocurrency, Digital Identity, SSO, Private Subnets, and Tokenization of Assets, the program provides the necessary tools and resources to increase profitability, lower costs, mitigate risks, and improve services for their members,” Metallicus stated.
It said the Digital Banking Network (TDBN), its open-source blockchain banking protocol, allows credit unions to deploy private subnets while maintaining bridgeless interoperability with other institutions on the network.
“This facilitates instant global payments, digital identity management, and access to decentralized finance products, enabling financial institutions to enhance their member services seamlessly and securely,” the company added.
