TransCognit is a startup based in India, promoted by experienced professionals with long years of experience with Governmental/regulatory aspects of finance in India, as well as in Digital Currency technologies including cryptocurrencies.
The focus of TransCognit is Central Bank Digital Currencies (CBDCs) and Digital Asset Management (DAM). DAM is usually built on wrapped BTC or on second-generation blockchain/crypto platforms but this approach generally lacks regulatory compliance.
Central Banks are not generally supportive of cryptocurrencies for several reasons, but do recognize the need for digital currencies. Consequently, several Central Banks are in the process of designing or launching their CBDCs, retaining several advantages available in the crypto world, but with full regulatory compliance. TransCognit will work towards enabling DAM over CBDCs by creating an API-driven platform over CBDCs in order to enable DAM to comply with local regulations.
