Layer 1 software from UK-based BVNK provides regulated financial institutions with the ability to manage custody of stablecoins as well as to send and receive payments that can be tied to that digital currency. The software handles stablecoin and fiat currency conversions in real time and also manages compliance, trading and liquidity. It provides infrastructure like a core banking system. Operating on blockchains, Layer 1 provides an alternative to the combination of the Swift interbank messaging system and correspondent bank networks. Currently used for cross-border payments, Layer 1 can ...