Currency Network
Currency Network Limited is a London-based, privately held vendor founded in 2023 that builds quantum-safe CBDC ecosystem infrastructure (vATM, qGuard, qPR, FuSSE, qHub), selling to central banks and supranational institutions and validated by BIS, SNB, IDB, and IBM.
- Company typePrivate
- Founded2023
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Currency Network does
Currency Network Limited is a London-based, privately held technology company founded in 2023 that builds quantum-safe infrastructure for Central Bank Digital Currency (CBDC) ecosystems, anchored on its flagship vATM platform. vATM integrates two modules: qGuard, a digital identity layer that converts a single KYC/KYB check into reusable, PQC-enabled verifiable credentials (Ed25519 + Dilithium2) embedded in ISO 20022 messages, and qPR, a quantum-safe payment rail enabling high-speed, ISO 20022-native interoperability across fiat, stablecoins, and CBDCs. Supporting products include qHub (a quantum-safe security overlay), QPS (Quantum-Safe Payment System), FuSSE (a settlement engine achieving 10,000 TPS on commodity hardware, built with BIS and IDB), and CRP (a continuous cross-border remittance platform targeting BRICS-nation CBDC interoperability). The technology stack is built on distributed ledger technology, microservices, Apache Kafka, Apache Cassandra, Kubernetes, and Redis.
The company sells primarily to central banks and supranational financial institutions through direct enterprise field sales, supplemented by participation in industry forums (FNA, G20 TechSprint, FT Global Banking Summit, Point Zero Forum, Digital Currency Conference). Validated customers and partners include the Bank for International Settlements (BIS), the Swiss National Bank (Project Tourbillon), the Inter-American Development Bank (IDB), the National Bank of Georgia (shortlisted for the Digital GEL pilot), and IBM (designated CBDC solution partner and Hyper Protect Accelerator participant). Revenue mechanics combine SaaS/API pricing for qGuard (per issuance, verification, and revocation), transaction fees on qPR, and multi-year institutional licensing to central banks. Downstream distribution to merchants is enabled through plugins for WooCommerce, Shopify, and Magento, and consumer payment via Apple Pay and Google Pay QR flows.
Currency Network is founder-led, with Animesh Ghosh as CEO and a bench that includes David Chaum (inventor of digital cash) as advisor and personnel drawn from BIS, Bank of England, Swiss National Bank, Bank of Canada, RBI, IDB, Lloyds, RBS, HSBC, and NatWest. The company has secured the 'Advancing Privacy in Digital Currency Award' from the Digital Currency Conference (2024), and its vATM trademark is registered. No external funding rounds, revenue figures, or ownership disclosures are public, and headcount is reported in the 1-10 band.
Currency Network firmographics
Firmographics- Name
- Currency Network
- Legal name
- Currency Network Limited
- Website
- https://currencynet.io
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Currency Network Limited is a London-based, privately held vendor founded in 2023 that builds quantum-safe CBDC ecosystem infrastructure (vATM, qGuard, qPR, FuSSE, qHub), selling to central banks and supranational institutions and validated by BIS, SNB, IDB, and IBM.
- Ownership category
- akta.pro rank
Currency Network industry classification
Industry- Product category
- Central Bank Digital Currency Infrastructure
- NAICS
- Securities and Commodity Exchanges (5232), Depository Credit Intermediation (5221), Securities and Commodity Exchanges (52321)
- SIC
- Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ)
- akta.pro secondary industries
- Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK), Crypto Payment Gateways & Checkout APIs (FSADAIAA), Tokenized Bank Deposit & Commercial Bank Money Issuers (FSADADAB)
Keywords
Where Currency Network is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Markets served
Currency Network business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- qGuard SaaS/API: SaaS and API-based revenue model for qGuard digital identity module, charging per issuance, verification, and revocation of credentials.
- qPR Transaction Fees: Transaction fees charged for high-speed payment processing and settlement through the quantum-safe payment rail infrastructure.
- Institutional Licensing: Licensing fees for institutional deployment of qPR payment rail module to central banks and financial institutions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Pay-as-you-go | qGuard - Digital Identity Module |
| Transaction based/ take rate | Multi-year contract | qPR - Quantum Payment Rail Module |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels8 records
Currency Network product offering
Product offeringCore offering
Currency Network develops the vATM platform, a CBDC ecosystem solution that combines quantum-safe digital identity (qGuard module) and high-speed payment rails (qPR module) for central banks and financial institutions. The platform enables issuance, distribution, and control of Central Bank Digital Currencies with ISO 20022 interoperability across fiat, stablecoins, and CBDCs.
Product overview
Currency Network offers a modular CBDC ecosystem platform architecture centered on vATM, which integrates two core modules: qGuard for digital identity management and qPR for quantum-safe payment rails. Supporting products include qHub for quantum-safe security, QPS for payment rail infrastructure, and FuSSE for settlement engine capabilities. The company also provides consultancy services for payment system modernization. The platform is validated by BIS, SWIFT, and G20, with IBM as their CBDC solution partner.
Differentiator
Problem solved
Functional benefit
Brands
- vATM: Flagship platform integrating qGuard (digital identity module) and qPR (quantum payment rail module) for quantum-safe CBDC ecosystem solutions.
- qGuard
- qPR
- qHub
- QPS
- FuSSE
- CRP
Products and services
- vATM (virtual Automated Teller Machine) Flagship CBDC ecosystem platform integrating quantum-safe digital identity and payment modules. Enables central banks to issue, monitor, and control CBDC; intermediaries to onboard users and distribute CBDC; and consumers to pay while merchants accept CBDC payments.
- qGuard Digital identity module converting single KYC/KYB checks into reusable digital credentials using PQC-enabled DID and Verifiable Credentials (Ed25519 + Dilithium2), embedded in ISO 20022 messages with selective disclosure, potentially reducing compliance costs by up to 70%.
- qPR (Quantum Payment Rail) Quantum-safe payment rail module providing high-speed, ISO 20022-native interoperability across fiat, stablecoins, and CBDCs. Enables real-time pay-in/pay-out for wallets and remittance apps with quantum-safe audit trail.
- qHub Quantum-safe security solution integrating cutting-edge quantum-resistant cryptographic algorithms as an overlay to existing security frameworks. Protects financial institutions from harvest-now-decrypt-later attacks without requiring complete infrastructure overhaul.
- QPS (Quantum-Safe Payment System) Next-generation payment rail with quantum-resistant cryptography designed to integrate with global ISO 20022 messaging systems. Delivers security against quantum attacks with high throughput, scalability, and reliability for central bank infrastructures.
- FuSSE (Fully Scalable Settlement Engine) Settlement engine combining quantum-safe encryption with event-driven microservices architecture, capable of handling over 10,000 transactions per second on standard hardware. Developed in collaboration with BIS and IDB for central bank settlement modernization.
- CRP (Continuous Remittance Platform) Cross-border CBDC solution enabling seamless interconvertibility among CBDCs issued by BRICS nations. Provides continuous, real-time remittance services with quantum-safe encryption and advanced settlement mechanisms.
- Advanced Clearing and Bilateral Netting System State-of-the-art clearing and netting solution utilizing microservices architecture, Apache Kafka for real-time event-driven messaging, Apache Cassandra for distributed data management, Kubernetes orchestration, and Redis for in-memory caching. Implemented for a South American central bank.
- Consultancy Services Specialized advisory and technology implementation services for central banks and financial institutions including consulting and advisory, design and architecture, implementation and delivery, and maintenance and support for payment system modernization.
Quantifiable outcome
- Compliance cost reduction of up to 70% through reusable KYC credentials
- +2 more outcomes
Companies that use Currency Network
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
Currency Network technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature7 records
Currency Network partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- Bank for International Settlements (BIS)coreSelected by BIS to implement an advanced clearing and bilateral netting system for a prominent central bank in the South American region. BIS Innovation Hub collaboration on Project FuSSE (Fully Scalable Settlement Engine) and Project Tourbillon. CurrencyNet helped BIS achieve 10,000 TPS milestone using proprietary Quantum-Safe Payment System technology.
- Inter-American Development Bank (IDB)coreIDB and BIS joined forces to revolutionize financial market infrastructure across South America. CurrencyNet was selected as the primary technology partner to implement the FuSSE (Fully Scalable Settlement Engine) solution designed to deliver exceptional scalability, interoperability, and advanced security features for financial inclusion in Latin America.
- IBMcoreIBM selected Currency Network as their CBDC solution partner. Currency Network collaborates with IBM to leverage distinct digital asset infrastructure capabilities to enhance security of CBDCs. Currency Network was also selected for the IBM Hyper Protect Accelerator program, leveraging IBM Hyper Protect Services powered by IBM LinuxONE for enhanced privacy and security essential for central banking operations.
- Swiss National Bank (SNB)coreCurrency Network partnered with IBM and contributed to Project Tourbillon, a unique privacy-preserving Retail CBDC prototype by BIS Innovation Hub and Swiss National Bank. The project enables new privacy paradigm of payer anonymity. vATM solution was demoed at SNB Forum to Swiss National Bank board members, BIS, and central bankers.
- David ChaumcoreDavid Chaum, widely recognized as the inventor of digital cash, serves as an advisor to Currency Network. His pioneering work in cryptography and digital currency has been influential in shaping secure digital transactions. His association with vATM underscores the platform's credibility and innovative prowess.
Scale indicators3 records
Recent moves6 records
Expansion highlights7 records
Currency Network competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key highlights7 records
Customer concentration
Currency Network social profiles
Digital presenceCurrency Network financial estimates
Financial estimateRevenue estimate
Valuation estimate
Currency Network leadership team
Management profileNumber of profiles
Profiles8 records
Currency Network funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Currency Network M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Currency Network
What does Currency Network do?
Currency Network develops the vATM platform, a CBDC ecosystem solution that combines quantum-safe digital identity (qGuard module) and high-speed payment rails (qPR module) for central banks and financial institutions. The platform enables issuance, distribution, and control of Central Bank Digital Currencies with ISO 20022 interoperability across fiat, stablecoins, and CBDCs.
Is Currency Network a public or private company?
Currency Network is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Currency Network founded?
Currency Network was founded in 2023. It employs 1 to 10 people.
Where is Currency Network based?
Currency Network is headquartered in London, United Kingdom, in the Europe region.
How does Currency Network make money?
Three revenue lines are on record. qGuard SaaS/API is the primary driver. The others are qPR Transaction Fees and institutional Licensing.
Does Currency Network have an API?
No public API is recorded for Currency Network.
What industry is Currency Network in?
Currency Network's product category is Central Bank Digital Currency Infrastructure. Its primary akta.pro industry code is FSAPAIAJ, Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails), with a secondary code of BPAMAFAL, Crypto Payments & Stablecoin Settlement Platforms. Its NAICS code is 5232 and its SIC code is 6199.