Covario Messenger — Voice and Chat for Institutional Cryptocurrency Investors
Covario Messenger, powered by Telegram, serves as a primary communication channel for institutional cryptocurrency investors — fully secure and regulatory-compliant.
Covario Messenger is a messaging application for regulated financial services companies to communicate via a secure, auditable platform, using the API of the highly successful Telegram application. Messages within Covario Messenger will be stored, complying with financial markets best practices and meeting regulatory standards set by FINMA in Switzerland, as well as most other globally-recognized regulatory bodies.
Mark Banner, CEO of Covario commented: “Institutional investors continue to allocate to digital assets, an asset class where a large amount of trades are conducted over-the-counter, via voice or chat. Telegram has become the market standard and chosen messaging platform for its security and privacy, however, certain features of the native application prove challenging to the highly-regulated financial services industry.
Rather than introducing a new service, our approach was to bridge the two worlds by keeping only our client interactions compliant, while leaving all data and use of the native application segregated and private from Covario.”
Sharing Telegram’s vision, Covario’s Messenger is open-source. Covario is making its Messenger code publicly available on GitHub and welcomes other financial institutions to use it and build on it, fostering collaboration with other regulatory-compliant fintech firms. (View Covario’s Git repository here: www.github.com/covario)
About Covario AG
Covario is a Swiss-based Digital Asset Prime Brokerage founded in 2019. Covario’s Prime Brokerage platform is a holistic solution for digital asset trading, algorithmic trading, clearing, financing and custody for institutional clients. Backed by a team of professionals with deep experience and understanding of institutional financial services, Covario’s offering combines asset protection and global reach with operational ease and efficiency. Visit: www.covar.io