What Peersyst Technology does

Peersyst Technology is a private blockchain engineering firm headquartered in Barcelona, Spain, with an additional office in Andorra. Founded in 2016, the company specializes in protocol-level blockchain development and delivers tailored blockchain implementations to central banks, government ministries, multinational corporations and blockchain protocol foundations across Latin America and Europe. Its core technical contributions centre on the XRP Ledger ecosystem, where Peersyst developed the XRPL EVM Sidechain and XRPL EVM Bridge (powered by Axelar) in collaboration with Ripple, extending XRPL with Ethereum Virtual Machine compatibility and interoperability across 60+ blockchain networks.

The company's product portfolio spans digital wallets for CBDC and multiple protocols (NEAR, Nervos, NEM/Symbol), blockchain notarization software (XRP Stamp), the open-source Opt-in Protocol that migrated $7 billion in XEM tokens between NEM chains, the TIME Magazine Best Invention 2022-recognized Colombia land registry, and a tokenized loyalty platform built for Grupo Nutresa on NEAR Protocol. Peersyst operates a project-based B2B professional services model, complemented by co-development and licensing arrangements with strategic partners including Ripple, NEAR Foundation, Cosmos Labs and Axelar, targeting enterprise, government and financial institution clients rather than self-serve or SMB markets.

Peersyst goes to market through direct enterprise sales and protocol-ecosystem partnerships, with named engagements including a wholesale CBDC pilot with Banco de la República de Colombia under MinTIC's Phase 3 blockchain experimentation programme, private blockchain deployments for Andbank and Creand, and protocol-level work for NEM Group. The firm has been recognized by TIME Magazine and operates with a 1-10 person team; revenue is not publicly disclosed and no funding rounds are recorded in the source data.

Name

Peersyst Technology

Legal name

Peersyst Technology

Website

https://peersyst.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Peersyst Technology is a private Barcelona-based blockchain engineering firm that develops protocol-level infrastructure, CBDC solutions, digital wallets and government registry systems for central banks, enterprises and blockchain protocol foundations across Latin America and Europe.

Ownership category

akta.pro rank

Product category

Blockchain Infrastructure

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199)

akta.pro primary industry

Interoperability & Integration Middleware (ERP/core banking connectors, messaging, APIs, cross-chain to permissioned) (FSAPAIAL)

akta.pro secondary industries

Compliance, Risk & RegTech for Tokenized Assets (KYC/AML, sanctions, travel rule, reporting) (FSAPAIAH), Consortium Networks & Governance (network setup, onboarding, rules, node operations) (FSAPAIAB), Interoperability & Cross-Chain Infrastructure (Bridges, Messaging, Atomic Swaps) (FSAGAMAI), Digital Asset Custody & Key Management (MPC, HSM, Wallet Infra) (FSAGAMAB), Private Credit & Loan Tokenization Platforms (FSADAEAD)

Keywords

• Blockchain development services
• CBDC implementation
• Asset tokenization
• Digital wallet development
• Private blockchain networks

Headquarters

HQ city

Barcelona

HQ country

Spain

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Blockchain Development Services: Peersyst generates revenue through custom blockchain development services for enterprise clients, governments, and central banks. Services include protocol-level development, CBDC implementation, digital wallet development, asset tokenization solutions, and private network deployments. Revenue is derived from project-based professional services engagements with institutional clients.
2. Technology Licensing and Partnerships: The company collaborates with technology partners (Ripple, NEAR Foundation, Cosmos Labs) on joint development projects, potentially generating revenue through licensing of proprietary technology solutions and co-development arrangements with strategic partners in the blockchain ecosystem.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Peersyst Technology is a blockchain development firm that designs and builds protocol-level blockchain infrastructure, CBDC platforms, digital wallets, cross-chain bridges, asset tokenization solutions, and private blockchain networks for governments, central banks, financial institutions, and enterprises. The company collaborates with protocols such as XRPL, NEAR, Nervos, and NEM/Symbol to deliver tailored implementations including the XRPL EVM Sidechain, XRPL EVM Bridge, CBDC Wallet, Opt-in Protocol, and loyalty tokenization platforms.

Product overview

Peersyst Technology is a blockchain development company offering a portfolio of core products and services focused on blockchain protocol development, enterprise solutions, and government/public sector applications. Core products include the XRPL EVM Sidechain and Bridge (for XRP Ledger smart contract compatibility and cross-chain interoperability), CBDC Wallet and Colombia Wholesale CBDC (for central bank digital currency solutions), Colombia Land Registry (blockchain-based government registry), Pideky Escala Loyalty (NEAR-based token loyalty platform), and Opt-in Protocol (NEM to Symbol migration tool). Supporting products include wallets for NEAR (NEAR Mobile Wallet), Nervos (CKBull Wallet), and NEM/Symbol (Symbol Desktop/Mobile Wallets), plus developer tools like Nervos Wallet SDK. Services encompass private blockchain network implementation, CBDC consulting, and digital payments solutions. The company collaborates with protocols (XRPL, NEAR, Nervos, NEM), enterprises (Grupo Nutresa, Hoffmann La Roche), governments (Colombia, Andorra), and financial institutions (Banco de la República, Andbank).

Differentiator

Problem solved

Functional benefit

Brands

• XRP Stamp: Blockchain Data Notarization software used for the Colombia Land Registry, enabling immutable digital certification of land ownership on the XRP Ledger.
• XRP Studio
• CKBull Wallet
• NEAR Mobile Wallet
• XRPL EVM Bridge
• XRPL EVM Sidechain
• CBDC Wallet
• Opt-in Protocol

Products and services

• XRPL EVM Sidechain The first XRP Ledger sidechain compatible with the Ethereum Virtual Machine (EVM), bringing smart contract capabilities to XRPL. Features 3.5-second block time, 1,000 TPS capacity, proof-of-authority consensus using Comet BFT, built on Cosmos SDK with IBC support, and uses bridged XRP as gas. Targeted at developers and enterprises building on XRPL.
• XRPL EVM Bridge Decentralized bridge powered by Axelar connecting XRPL mainnet with its EVM Sidechain and 60+ other blockchain networks. Enables secure asset transfers, cross-chain smart contract calls (General Message Passing), and interoperability across EVM-compatible networks. Targeted at developers and institutions needing cross-chain asset movement.
• CBDC Wallet Non-custodial digital wallet designed for retail CBDC usage, simplifying blockchain interactions for average citizens. Features familiar banking app interface, spending analytics, contact lists, QR code payments, and unique offline blockchain transaction functionality. Targeted at central banks and governments deploying retail CBDCs.
• Colombia Wholesale CBDC Solution Wholesale CBDC pilot solution developed in partnership with Banco de la República de Colombia and Ripple, leveraging XRPL technology. Designed to enhance high-value payment systems through blockchain-based digital currency. Targeted at central banks and government financial authorities.
• Colombia Land Registry National land registry solution on XRPL using XRP Stamp blockchain data notarization. Enables digital certification of land ownership with QR codes and IPFS document storage. Recognized by TIME Magazine as one of the Best Inventions of 2022. Targeted at government land registry agencies.
• Pideky Escala Loyalty Platform Token-based loyalty program built on NEAR Protocol. Unifies loyalty programs across 50+ brands into a single platform with Nutresa Token, admin panel, Pideky Escala app, payment gateway, and partner panel. Serves millions of users including employees and customers of enterprise clients like Grupo Nutresa.
• Opt-in Protocol Open-source second-layer protocol (NPM module) for NEM blockchain enabling seamless migration of assets and data to Symbol blockchain. Integrated into NEM NIS1, NanoWallet, mobile wallet, and hardware wallets (Ledger, Trezor). Successfully migrated $7bn in assets for approximately 1 million users. Targeted at blockchain protocols requiring migration tooling.
• NEAR Mobile Wallet Non-custodial mobile wallet for NEAR Protocol with signer functionality for dApp ecosystem interaction and on-ramp integration for user onboarding. Targeted at NEAR Protocol users and developers.
• CKBull Wallet Non-custodial wallet for Nervos Network (CKB) with developer console integration and signer functionality for dApp ecosystem interaction. Targeted at Nervos Network users and developers.
• Symbol Desktop Wallet Non-custodial desktop wallet for NEM Symbol blockchain supporting key management and transaction signing. Open-source product available on GitHub. Targeted at Symbol blockchain users.
• XRP Stamp Blockchain data notarization software enabling certification of real-world assets and documents on XRPL with IPFS integration. Used by the Colombia Land Registry and other document certification use cases. Targeted at governments and enterprises needing immutable document certification.
• XRP Studio Studio environment for creating and managing XRP-based digital assets and applications within the XRP Ledger ecosystem. Targeted at developers building on XRPL.
• XRP Ledger Snap for MetaMask Tool bridging the XRP Ledger with MetaMask, enabling users to interact with XRPL's transactions directly through MetaMask, including holding native XRP. Developed by Peersyst Technology and audited by Sayfer. Targeted at MetaMask's 30+ million user base wanting XRPL access.
• Private Blockchain Networks Custom private and consortium blockchain solutions for enterprises, governments, and financial institutions. Includes identity verification, supply chain management, healthcare, and financial services applications. Trusted by Andbank, Creand, and Govern d'Andorra. Targeted at enterprises needing permissioned blockchain infrastructure.
• CBDC Implementation Consulting Expertise and consulting for central banks exploring CBDC solutions, including wholesale and retail CBDC design, pilot implementation, and integration with existing financial infrastructure. Targeted at central banks globally exploring digital currency initiatives.

Quantifiable outcome

• Successfully migrated $7 billion in assets from NEM NIS1 to Symbol blockchain with zero data loss
• +4 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature6 records

Partnerships

Nine partnerships are on record, tiered strategic, core and minor.

• Cosmos LabsstrategicStrategic or Co-development Partner · 9 July 2026Cosmos Labs and Peersyst formalized a partnership to facilitate blockchain infrastructure integration in central banks and financial institutions, with focus on Latin America and Spain. The collaboration builds on years of prior engagement and aims to support regulated institutions transitioning from blockchain evaluation to large-scale deployment. Partnership leverages Peersyst's XRPL EVM sidechain project which accumulated over $358 million in tokenized assets within six months.
• RipplecoreStrategic or Co-development PartnerPeersyst collaborates with Ripple on XRPL EVM Sidechain development - the first XRP Ledger sidechain compatible with EVM. Partnership includes XRPL EVM Bridge development, MetaMask Snap integration, and CBDC implementations. Peersyst is a key contributor to Ripple's ecosystem, developing infrastructure that extends XRPL capabilities.
• AxelarcoreTechnology or IntegrationAxelar provides decentralized bridge infrastructure for XRPL EVM Bridge, enabling interoperability between XRPL and over 60 other blockchain networks. Uses proof-of-stake model for secure, decentralized cross-chain transactions. Partnership enables General Message Passing (GMP) for cross-chain smart contract calls.
• NEAR FoundationstrategicStrategic or Co-development PartnerPeersyst partnered with NEAR Foundation and Lulo X for stablecoin implementation in Colombia. Peersyst provides blockchain implementation expertise while NEAR Protocol serves as the underlying technology for the stablecoin solution with low transaction fees (under $0.01) and fast finality (1-2 seconds).
• Lulo XstrategicStrategic or Co-development PartnerColombian fintech partnership for stablecoin-based financial services. Lulo X enables savings in digital dollars while Peersyst provides implementation expertise on NEAR Protocol. Partnership aims to redefine digital finance in Latin America with secure, stable digital currency.
• NEM GroupcoreStrategic or Co-development PartnerPeersyst developed the Opt-in Protocol for NEM Group, enabling seamless migration of $7 billion in assets from NEM NIS1 to Symbol blockchain. This open-source achievement facilitated transfer of assets, multisignature accounts, and namespaces, establishing a benchmark for blockchain migrations.
• Banco de la República de ColombiacoreImplementation/ SI/ Consulting PartnerRipple and Peersyst partnered with Colombia's central bank to explore CBDC use cases for high-value payment systems. Pilot developed as part of MinTIC's Phase 3 blockchain experimentation. Project extends to end of 2023 with goal of educating public entities on blockchain benefits.
• Ministerio de Tecnologías de la Información y las Comunicaciones (MinTIC) - ColombiastrategicImplementation/ SI/ Consulting PartnerMinTIC led Phase 3 blockchain experimentation program in Colombia. Peersyst served as technology partner for CBDC pilot implementation alongside Ripple. Project aimed to educate national and territorial public entities on blockchain technology through interactive real-world experiments.
• SayferminorOthersSayfer provided security audit for XRP Ledger Snap for MetaMask, ensuring the integration meets highest security standards. Audit helped identify and mitigate potential vulnerabilities in the blockchain connection between MetaMask and XRPL.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• R3: Enterprise DLT/Consortium blockchain company serving banks and financial institutions with Corda; comparable to Peersyst in DLT development for regulated financial clients and consortium/private network deployments.
• Kadena: Enterprise-focused Proof-of-Work blockchain with braided architecture, delivering scalable infrastructure for financial institutions; comparable to Peersyst in enterprise/blockchain-infrastructure positioning.
• Digital Asset Holdings: Enterprise blockchain developer of the DAML-based smart-contract language used by financial institutions; comparable to Peersyst as a protocol-level DLT builder serving capital markets and regulated institutions.
• ConsenSys: Enterprise blockchain development shop and builder of MetaMask/JBPM; directly comparable to Peersyst as a provider of protocol-level tooling, enterprise Ethereum-based solutions, and institutional blockchain infrastructure.
• Input Output Global (IOG): Research and engineering firm behind Cardano, building protocol-level infrastructure and enterprise-grade tooling; directly comparable to Peersyst's multi-protocol development model across XRPL/NEM/NEAR/Nervos.
• Bitt (a CBDC.com company): CBDC software provider that has piloted digital currency initiatives for multiple central banks; directly comparable to Peersyst's wholesale CBDC pilot with Banco de la República on the central-bank client axis.

Broad incumbents

• Polygon Labs: Major layer-2 / EVM-compatible scaling and enterprise blockchain infrastructure provider; comparable to Peersyst at the EVM-sidechain/bridge layer (XRPL EVM Sidechain, Axelar-powered bridge).
• Bitfury (now Blockstream / Block): Long-standing enterprise blockchain infrastructure company with government and institutional deployments; comparable to Peersyst on the enterprise + government blockchain services axis.

Others

• Hyperledger (Linux Foundation): Open-source consortium blockchain initiative (Fabric, Besu, etc.); adjacent/comparable as Peersyst's consortium and private-network services often target the same regulated-institution buyer.
• Axelar: Decentralized interoperability network and core technology partner of Peersyst's XRPL EVM Bridge; ecosystem-adjacent peer in cross-chain / interoperability infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• GitHubgithub.com/Peersyst
• Xx.com/peersyst
• LinkedInlinkedin.com/company/peersyst-technology

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Peersyst Technology