{"id":501288,"date":"2021-07-06T07:10:13","date_gmt":"2021-07-06T06:10:13","guid":{"rendered":"https:\/\/ibsintelligence.com\/?p=501288"},"modified":"2021-07-06T07:10:13","modified_gmt":"2021-07-06T06:10:13","slug":"tcss-quartz-leverages-thales-for-secure-crypto-transactions","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/tcss-quartz-leverages-thales-for-secure-crypto-transactions\/","title":{"rendered":"TCS\u2019s Quartz\u2122 leverages Thales for secure crypto transactions"},"content":{"rendered":"

\"TCS,<\/a>Tata Consultancy Services<\/a> (TCS), a global IT services, consulting and business solutions organization, announced that Quartz\u2122 has successfully integrated its ledger management solutions with Thales to provide customers with security for custody, trading and settlement transactions across a diverse range of crypto and digital assets.<\/p>\n

While crypto and digital assets are fuelling the creation of a tokenized economy, secure custody of these assets continues to be an area of concern in the face of an explosion of digital threats and the risk of theft. Quartz leverages Thales Luna Hardware Security Modules that provides secure encryption, signing and authentication services to protect cryptographic keys against compromise.<\/p>\n

Targeted at banks, brokers, custodians, marketplaces, and investors in a diverse range of digital assets, the enhanced Quartz will enable robust security, trust and governance and the end-to-end management of digital assets. With these fully automated and highly secure authentication services, wallet service providers, token and crypto exchanges and marketplaces can customize authentication to meet their unique needs. Quartz solutions leverage Thales\u2019 FIPS140-2 Level-3 certified HSMs to safeguard critical operations including address generation, encoding, and transaction signing in a secure device, delivering a multi layered governance model to ensure safety and resilience in digital asset transactions.<\/p>\n

\u201cWe have been making continuous investments in our Quartz solutions to provide best-in-class, enterprise grade security features to our clients. The enhanced solution will help fast-track our customers\u2019 journeys into the crypto\/tokenized economy in a secure manner. Wallets store private keys that are used to digitally sign transactions, and their application goes beyond the trustless economy \u2013 for self-sovereign identity, enabling restricted access to private information including medical information, vaccination status, educational records among others,\u201d said R Vivekanand, Global Head, Quartz, TCS. \u201cOur collaboration with Thales will offer purpose-driven solutions that can deliver the comfort of enterprise-class security and create compelling value for our customers.\u201d<\/p>\n

Todd Moore, Vice President, Encryption Products, Thales said, \u201cWe are delighted with the successful integration of Thales with Quartz solutions, which will help organizations in extending their product portfolio to the exciting world of crypto and digital fungible and non-fungible assets. The integrated offering with Quartz enables trust by protecting keys that are the bedrock of digital tokens representing goods, financial assets and securities.\u201d<\/p>\n

Quartz solutions are designed to enable institutional grade, secure custody and transaction management for crypto and digital assets. The solutions support a range of business services including wallet operations, exchange and off-market trading, transfer of cryptocurrencies, token issuance and the entire lifecycle of digital assets, with transaction monitoring, compliance, and audit integrated within each service.<\/p>\n","protected":false},"author":16,"featured_media":500467,"parent":0,"template":"","categories":[11368],"tags":[],"class_list":["post-501288","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-core-banking"],"acf":[],"yoast_head":"\nTCS\u2019s Quartz\u2122 leverages Thales for secure crypto transactions<\/title>\n<meta name=\"description\" content=\"TCS announced that Quartz\u2122 has integrated its ledger management solutions with Thales to provide customers with security for transactions\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/tcss-quartz-leverages-thales-for-secure-crypto-transactions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TCS\u2019s Quartz\u2122 leverages Thales for secure crypto transactions\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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