Client Profile

Commercium Bank is a Wyoming Special Purpose Depository Institution (SPDI). As a state-chartered banking institution, Commercium provides fully-digital banking services including cash accounts, payments, and custody services. A primary market focus for Commercium Bank is the delivery of digital banking-as-a-service products, including the fiduciary custody of regulatory-compliant digital securities.

Business Challenge

As a chartered bank, compliance is the core of Commercium Bank’s operation. The bank required a comprehensive Governance, Risk, and Compliance-based Information Architecture to connect between regulatory finance and the emerging, blockchain-powered market infrastructure. 

This necessitates a comprehensive integration layer to connect with a myriad of industry partners to support bank client needs ranging from cash accounts to custody. Any broad integration layer must support workflow, logging, approvals, and reporting as a native feature to provide the framework necessary for regulatory oversight.

The Solution

XDEX powers the governance, risk, and compliance records management framework for Commercium Bank to enable seamless connectivity across the post-trade settlement infrastructure of the emerging digital capital markets infrastructure.

XDEX is the core Governance, Risk, and Compliance layer to connect between disparate systems, both internal and external to the bank. This creates a seamless, single source of truth for bank operations, eliminating the risks and redundancies of multiple traditional systems – which do not natively support blockchain technology or digital assets. 

XDEX also provides the foundation upon which regulatory compliance reporting workflows are built for a seamless integration with the State of Wyoming Banking Division’s accessibility to all institutional data at the click of a button for examination purposes.

Commercium Bank