1konto (Financial Services, FX)
Industry
Financial Services, FX
Focus
Stablecoins, Digital Assets, Payment Rails
Edwin Handschuh
Co-founder and CEO
Key outcome 1konto gained using Utila
Faster Settlements With Greater Control and Security
By migrating from a fragmented setup of exchange wallets and third-party custodians to Utila’s institutional MPC wallet platform, 1Konto gained direct control over client assets to accelerate settlements, streamline end-to-end transaction workflows, and improve operational capital efficiency. Utila eliminated custody-driven delays, unified the user experience for both 1Konto and its clients, and strengthened risk management through MPC security and granular transaction policy controls - while also enabling seamless API-driven, round-the-clock fund flows and scalable connectivity to major exchanges.
About 1konto
Institutional-Grade On/Off Ramp for Digital Asset and FX Markets
1konto offers access to top digital assets, stablecoins, and fiat currencies with efficient execution through their platform and ensure optimal trading experiences for their clients.
1konto sought to optimize their crypto operations by overcoming limitations associated with their existing custody approach. They wanted a more efficient and secure way to manage digital assets in order to support their diverse global client base. Their initial approach, relying on a combination of exchange wallets and third-party custodians, hindered control, user experience, and risk management.
The challenge 1konto was facing
Friction & Fragmented Operations
Limited Control:
1konto desired greater control over client assets for faster settlements and improved operational agility.
Inefficient Workflows:
Reliance on external custodians introduced delays and complexities into transaction processing.
Disjointed User Experience:
Both 1konto and their clients faced a fragmented user experience due to the involvement of multiple parties.
The solution we delivered for 1konto
Utila Delivers User-Friendly Efficiency with Security
After a thorough evaluation, 1konto selected Utila’s institutional MPC wallet platform to address their challenges. Utila grants 1konto greater autonomy over their funds, facilitating faster settlements and improved operational capital efficiency. This increased control allows for more efficient transactions, eliminating the delays associated with waiting on external custodians to release funds.
By eliminating reliance on external custodians, Utila offers a seamless workflow for both 1konto and its clients, allowing for quicker transactions and simplified operations. Also, Utila’s MPC technology and granular transaction policy controls, mitigates risks and ensures the ongoing safety of client assets.
High impact results 1konto experienced
Significant Operational Efficiencies and Enhanced Control
By leveraging Utila’s advanced custody platform, 1konto has gained significant operational efficiencies and enhanced control over their assets. This enables them to better serve their global clientele and navigate the evolving digital asset landscape with confidence.
Several factors influenced 1konto's decision to choose Utila:
Simple & User-Friendly
Utila's intuitive interface and straightforward setup process streamlined onboarding and the robust backup solutions ensured a smooth transition and peace of mind.
Granular Transaction Controls
The ability to define granular transaction policies provided 1konto with the flexibility and control they desired and improved overall workflow efficiency.
Seamless API Integration
Utila's robust API integration capabilities ensured effortless integration with 1konto's existing systems, further optimizing workflows.
Exchange Connectivity
The seamless connectivity to major exchanges like Kraken andBinance, and the possibility to integrate new exchanges on demand offered an attractive advantage.
Simple Pricing & Strong Feature Set
Utila's pricing structure, focused on a flat fee rather than volume-based costs, aligned perfectly with 1konto's transactional business model. Despite the lower cost, Utila offers all the functionalities 1konto needed.
Forward-Looking Roadmap
1konto is excited about Utila's commitment to ongoing product development and especially appreciates Utila team's responsiveness to customer feedback and implementation of new features.
Customer Stories
See how trading firms, fintechs, and payment companies are transforming their stablecoin and digital asset operations with Utila.
See how Utila fits into your stack.
Live walkthrough, no commitment.
Companies who trust our enterprise-grade governance, security, and operational control: