Mphasis and CrossTower join hands to develop a ‘Center of Excellence' in Web 3.0 and Blockchain technologies

21 Jan 2022 , 03:24 PM

Mphasis has partnered with CrossTower, one of the world’s leading crypto exchanges, to build a Center of Excellence (CoE) focused on Web 3.0 and a series of blockchain-based products that will be launched and traded on the CrossTower platform.

“Mphasis has been an early adopter of blockchain technology, building industry-specific solutions around digital assets and more recently Web 3.0. We are pleased that we have an opportunity to partner with CrossTower to build a Center of Excellence (CoE). We particularly value this partnership as CrossTower is one of the most regulatory focused players in this space and provides unparalleled governance driven digital assets. Mphasis with its Blockchain capability, expertise in architecting cloud-native platforms and user experience design and implementation, is uniquely positioned to partner with CrossTower,” said Nitin Rakesh, CEO and Managing Director, Mphasis.

"This partnership with Mphasis will catapult our development capabilities and accelerate our growth to provide the best trading platform and ecosystem for both non-traditional and traditional financial services providers to expand beyond traditional asset classes,” said Kapil Rathi, CEO and Co-Founder, CrossTower.

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

At around 3.20 pm, Mphasis was trading at Rs3027.45 per piece down by Rs26.80 or 0.9% on Sensex.