Bitcoin
$64,474.58+0.32%
Ethereum
$3,156.89+0.61%
Binance Coin
$614.58+1.13%
Solana
$145.03-1.83%
XRP
$0.52560339-0.29%
Dogecoin
$0.15149275+0.06%
Toncoin
$5.41-2.51%
Cardano
$0.47044235-0.90%
Shiba Inu
$0.00002571+0.23%
Avalanche
$35.59-2.23%
Tron
$0.11736227+3.55%
Wrapped Bitcoin
$64,571.96+0.28%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Countdown to Consensus 2024The largest and longest running event that covers all sides of Crypto and Web 3
33
DAYS
11
HR
56
MIN
08
SEC
Finance

Tata Consultancy Launches Crypto Trading Solution for India's Financial Firms

India's crypto renaissance continues, with Tata Consultancy unveiling a solution allowing banks and financial institutions to offer digital asset trading.

By Paddy Baker
AccessTimeIconJul 8, 2020 at 2:54 p.m. UTC
Updated May 9, 2023 at 3:09 a.m. UTC
(Sundry Photography/Shutterstock)
(Sundry Photography/Shutterstock)
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

A subsidiary of India's industrial giant Tata has launched a way for banks and financial institutions to offer crypto trading services to their clientele.

  • A product from Tata Consultancy Services (TCS), the Quartz Smart Solution, can support multiple cryptocurrencies, including some stablecoins.
  • Unveiled Wednesday, the service also offers an over-the-counter solution and can alert banks and other hosts to possible criminal activity.
  • Vivekanand Ramgopal, Tata Consultancy's head of Quartz, said in a statement that cryptocurrencies are rapidly becoming a viable investment vehicle and that the new product allows banks to quickly capitalize on the new trend.
  • TCS is the second-largest company in India and a subsidiary of Tata Group, the multinational conglomerate with more than $120 billion in revenue in 2019.
  • Sumit Gupta, CEO of Indian crypto exchange CoinDCX, said the Indian crypto market, previously subdued because of a now-overturned central bank ban, is back with a bang.
  • The launch of Quartz is a strong signal that future regulation is likely to be supportive, not punitive, he said.
VolumeMuteUnmute

The Sandbox Wants to Make India Its Largest Market Within the Next Two Years

  • How Upcoming Elections Around the World Could Impact the Crypto Industry
    07:47
    How Upcoming Elections Around the World Could Impact the Crypto Industry
  • How Upcoming Elections Around the World Could Impact the Crypto Industry
    07:47
    How Upcoming Elections Around the World Could Impact the Crypto Industry
  • What India's Controversial Crypto Tax Means for Investors
    00:51
    What India's Controversial Crypto Tax Means for Investors
  • India Won't See Crypto or Web3 Bill for Another 18 Months, Senior Lawmaker Says
    11:40
    India Won't See Crypto or Web3 Bill for Another 18 Months, Senior Lawmaker Says

    • Also read: India’s Rumored Crypto Ban May Be Overblown, Say Industry Pros

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.