Smart Treasury by BVNK Begins Automating Instant Stablecoin Functions
BVNK, a company focused on building infrastructure for a financial system rebuilt on stablecoins, has announced the launch of its AI-enabled Smart Treasury system. This system is designed to manage stablecoin liquidity in real-time, automating critical operations and supporting businesses in their stablecoin operations.
The Smart Treasury system uses machine learning to predict liquidity needs based on historical patterns and market conditions. It automatically executes necessary actions to maintain optimal liquidity levels, such as topping up venues, rebalancing gas wallets, and managing withdrawals, without manual intervention.
Key features of the Smart Treasury system include:
- Minimum balance thresholds and target amounts for wallets, enabling intelligent top-ups.
- Selection and linking of multiple external liquidity sources, such as exchange accounts like Binance, to draw from when rebalancing liquidity.
- Automated just-in-time liquidity provisioning, supporting continuous operations without human oversight, reducing capital lock-up, and enabling faster response times.
- A dashboard for monitoring and adjusting liquidity flows interactively.
- Integration with BVNK’s AI Assistant, facilitating querying balances, generating wallet addresses, and debugging transactions, enhancing operational efficiency.
Donald Jackson, Chief Technology Officer at BVNK, stated that the shift to stablecoins necessitates the evolution of treasury operations. Traditional treasury management systems were not built for 24/7 blockchain-based finance. Smart Treasury is part of BVNK's ongoing efforts to support the transition to a financial system based on stablecoins.
The Smart Treasury system is now available to Layer1 customers managing their own stablecoin operations. These automated functions were previously required constant manual monitoring.
BVNK's platform processes over $15 billion annually for global enterprises and payment service providers, including Worldpay, Flywire, LianLian Global, Deel, and dLocal. Smart Treasury is another step towards making stablecoin capabilities accessible and practical for global enterprises.
[1] BVNK Press Release: Introducing Smart Treasury [2] BVNK Press Release: BVNK Launches Self-Managed Stablecoin Platform [3] BVNK Press Release: BVNK's AI Assistant Enhances Operational Efficiency [4] BVNK Blog Post: The Evolution of Treasury Operations in the Stablecoin Era
- The Smart Treasury system, launched by BVNK, leverages machine learning to predict liquidity needs for businesses operating on stablecoins, automating functions like top-ups, rebalancing, and withdrawals, thereby making the process more efficient in the realm of 24/7 blockchain-based finance.
- As part of BVNK's endeavors to support the transition to a financial system based on stablecoins, the Smart Treasury system offers advanced technology features such as integration with blockchain networks, selection of multiple external liquidity sources, and just-in-time liquidity provisioning, ultimately aiming to make stablecoin capabilities more accessible and practical for businesses in the global financial sector.
