PR96767

HOUSTON, June 29, 2022 /PRNewswire=KYODO JBN/ --

--Full set of financial technology services - including tokenization, payments

and capital and risk management services - available for businesses previously

lacking access

Qenta, Inc., (Qenta) a financial services and infrastructure platform with

cutting-edge technology and a proprietary enterprise-grade blockchain, the

Qenta Operating System, today unveiled an enhanced and integrated suite of

financial solutions. With a focus on Africa, Latin America, Asia Pacific, and

Central and Eastern Europe, Qenta offers tokenized assets, multi token wallets

for digital banking, cashless payments, and commodity risk management services

and help solve access, connectivity, compliance, and foreign exchange

challenges facing many businesses in these emerging markets.

Logo - https://mma.prnewswire.com/media/1848141/Qenta_Inc_Logo.jpg

"Many businesses around the world do not have access to the full range of

financial services required to be truly successful beyond local borders and

piecing together services from individual providers can be a time-consuming

process," said Qenta Chairman and CEO Brent De Jong. "Qenta brings previously

unrelated services together in a single platform making a suite of technologies

and solutions accessible to businesses in emerging markets. For example,

farmers using our risk management and foreign exchange services are now able to

access digital currencies for programmable money and payments capabilities.

They can also obtain earlier financing through blockchain-based supply chain

tracking. With Qenta, users can now reap the efficiencies of converging

technologies."

Qenta's broad scope of interlinked financial services and global targets

represent an extensive addressable market of over $500 billion. High-growth

emerging markets comprised a significant portion of Qenta's 2021 revenue, with

this segment expected to be a majority contributor to total revenue by

2026.      

Kerim Chouaibi, Managing Director of Qenta Payments and Qenta Board Member said

"Qenta is uniquely positioned at the intersection of capital and risk

management, payments, and tokenization to offer full financial connectivity

between global markets and small and mid-sized businesses in emerging

high-growth markets. As small and mid-sized businesses in developing nations

grow in size, and their needs evolve, they can easily and seamlessly take

advantage of all these offerings, while remaining within the same platform."

The Qenta Operating System (QOS) is a private permissioned third generation

blockchain, and supports tokens representing fiat currency, cryptocurrency,

commodities, or other units of value such as frequent flier miles or mobile

minutes. Having launched the G-Coin(R) token – a digital gold asset to save,

send and spend gold, in 2018, its smart contract tools allow users to customize

financial transactions of any size and complexity from cross border remittances

to collateralized borrowing and lending to linking payments to the provenance

and delivery of goods.  

A fast-growing, frictionless financial services ecosystem requires a robust

global regulatory footprint, and Qenta operates as a money services business in

33 U.S. states and holds financial authorizations in other key markets. It

conducts more than 1.4 million transactions per month and has more than 5,000

active customers. QOS is now accessible by third party developers to create

additional distributed applications with the knowledge that the Qenta client

base meets stringent regulatory requirements.

About Qenta

Qenta combines three divisions: Qenta Tokenization offers patented asset

tokenization solutions, multi-token wallets for digital banking, and programmed

payout services starting with the G-Coin(R) token, a digital gold asset; Qenta

Payments offers cashless payments processing, multi-currency accounts, debit

and credit cards on mobile platforms; and Qenta Capital & Risk Management

provides specialized hedging products and margin financing for soft commodities

and precious metals.

Headquartered in Houston, Texas, Qenta has offices and operations on 5

continents and more than 400 employees. It offers the highest level of security

and compliance and is governed by financial authorizations in Bermuda, Brazil,

Dubai, Ghana, Luxembourg, Switzerland, and the US.

By reducing friction and delivering better access to financial products and

services Qenta aims to create borderless and democratized financial ecosystems

to elevate global businesses and citizens.

SOURCE: Qenta, Inc.

CONTACT: Bob Zeitlinger, Makovsky, investorrelations@qenta.com