Xion Global Uses G+D Filia to Build Holistic Financial Solution

Xion Global, a multi-chain web3 payments provider, announced that it is using technology from Giesecke+Devrient (G+D) for an innovative holistic financial solution, according to the company's press release published on Thursday, November 23. Founded in 1852, G+D is a global SecurityTech company headquartered in Munich, Germany.

By combining its web3 multi-chain payments infrastructure and G+D's CBDC solution Filia for interbank deposit token transfer, Xion is creating a seamless financial ecosystem for digital asses as well as public currencies. Xion will provide customized solutions for the Asia Pacific (APAC) and Europe, Middle East and Africa (EMEA) regions.

The Proof of Concept (POC) of Xion serves as a cornerstone for the new financial architecture. Leveraging the infrastructures of both companies, this solution enables instant transactions across a variety of blockchain networks and traditional financial channels. Designed for seamless integration with existing financial platforms, the solution offers scalability and customization to meet the needs of financial service providers. 

The initiative of Xion targets the APAC and EMEA regions and is particularly geared towards meeting the financial needs of both individual and institutional clients. The future roadmap also includes the integration of offline payment capabilities, the company added in the announcement.

"In the fast-paced landscape of digital transformation, Xion Global and G+D are at the forefront of a financial paradigm shift," explains Aeryn Quarmby, COO at Xion Global. "Our approach aims to combine the robustness of traditional financial systems with cutting-edge fintech solutions, targeting a range of financial service providers and stakeholders across diverse markets."

"We very much welcome the initiative of Xion Global. It once again demonstrates one of the key strengths of our Filia infrastructure: its interoperability," adds Raoul Herborg, Managing Director Digital Currencies at G+D. "It can flexibly interoperate with existing and new systems, enabling private sector players to integrate public digital currencies and develop new applications and innovations."