Sequoir & Sila

Using Sila’s core banking infrastructure to deliver blockchain api fast and cost-effectively

The Goal

Build a Digital Asset Solution to Execute, Settle, and Custody That Can be Embedded in Your Fintech App

With Bitcoin, cryptocurrency, and stablecoin use on the rise, Justin at Sequoir wanted to build a tool that financial institutions could use to offer this functionality to their users. 

In 2017, access to cryptocurrency transfer tools was still limited. Access to any other than the top 5 crypto currencies was extremely difficult. Justin built Sequoir in 2018 to solve these problems. Unfortunately, he still needed core banking infrastructure to operate. 

Justin decided to partner with Sila to create a blockchain API that fintech apps and financial institutions could actually use. Sila’s access to financial compliance and regulation helped Sequoir to manage many of the problems of owning a blockchain API.

Justin understood that the vast potential of blockchain technology could only be realized if more people had access to it. Since access to blockchain usability was limited, he set out to build a simple, streamlined app. This app would act as an on-ramp so that creative minds could engage and take blockchain to the next level. 

In order to execute this idea successfully, he also needed a backing bank and payment processor. Once he said the words “crypto,” he was rejected and no traditional banks would support his brilliant idea. 

Luckily, Justin was able to navigate some of these big hurdles with Sila

So, how does Sequoir actually work?

  • Sequoir is a “Partner API” that facilitates blockchain solutions.
  • Their API enables Bitcoin, Ethereum, and other digital asset execution, settlement, and custody.
  • The API can be embedded into currency fintech applications and is recommended as an add-on for fintech, local banks, credit unions, and institutions

Sequoir’s intuitive blockchain API, powered by Sila, provides a simple and secure set of tools to unlock the powerful revenue stream available on the blockchain. #PoweredbySila

Sequoir & Sila: At a glance

Sila’s Banking Infrastructure APIs Powers Sequoir’s Brilliant Idea of Creating a Partner API That Enables Bitcoin, Ethereum and Other Digital Asset Execution to be Embedded in Fintech Apps

Sequoir is a blockchain API that fintech apps and financial institutions can embed into current financial infrastructure 

Without Sila

Without Sila

Managing the U.S.’s complex Anti-Money Laundering (AML) laws

Matching the compliance expectation of the banks that Sequoir works with

Paying exorbitant fees for a banking infrastructure API that is not Sila

Getting rejected by banks who did not want to take on the complex compliance in crypto

Struggling to get funding

With Sila

With Sila

Trusting Sila’s embedded compliance and status as a bank agent to support Sequoir with AML licensing

Tapping into Sila’s intelligent compliance support to stay on top of compliance expectations

Cutting costs significantly with low API transaction request fees and low startup costs

Having a partner who will work with you to build the next great idea in fintech

Starting up sooner because they didn’t have to wait for thousands to millions of dollars in startup costs

A new financial world, built by you.

Sila offers a simple, secure, and scalable banking API to make money programmable with built-in regulatory compliance.

Results

Sequoir’s blockchain API combined with Sila’s powerful API and payment processing technology was a match made in heaven. Now, with Sila’s core technology providing payment processing, bank account linking, KYC/KYB, and much more, Sequoir didn’t need to spend thousands of dollars, time, and resources coming up with all this themselves.

Users can enable secure digital asset loans, attracting new lending relationships by allowing borrowers to collateralize their loans using digital assets. Underwriting, automated triggers, and more come standard.

Sequoir users are able to tap into unprecedented features. Through the Partner API, businesses have access to digital asset conversion (through buy, sell, swap), and that includes 24/7/365 market access and lots of liquidity. Businesses can also obtain digital asset custody with the highest security level possible, and secure loan collateral through digital assets.

Other features part of digital asset custody includes auditing and reporting. Get the conversion features as a REST API or in a web platform. All users with Sequoir are trusted partners; use Sequoir to secure and obtain liquidity and realize execution-level details.

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I don't see why we would ever move away from Sila because there's a value there with the team that we don't want to lose out on; that we wouldn't get from a traditional payment processor...

The Results

Now with Sila’s technology, Sequoir has access to core banking infrastructure that enables users to buy, sell, and custody digital assets through his Partner API. 

With the core blockchain technology in the Partner API, and identity verification, bank account linking, and digital wallet technology available in the Sila API, Sequoir became what it is today: a fully regulated and FinCEN compliant U.S.-based digital asset trading platform for buying, selling, and swapping digital assets.  

With Sequoir you can integrate a custom blockchain solution for your business.

Think of Sequoir as Infrastructure for businesses Gain access to:

  • Real-time APIs: A true real-time platform with no start of day files to reconcile or end of day files to post.
  • Transparent Pricing: Low-cost pricing to launch and scale your product with new revenue opportunities.
  • Brand Assets: Emails, confirms, statements, and tax documents that reflect your true brand.

Finally, the ability to embed digital blockchain technology at a reasonable price. With Sequoir’s Partner API, transacting with the blockchain is just one API call away.

The Results

Now with Sila’s technology, Sequoir has access to core banking infrastructure that enables users to buy, sell, and custody digital assets through his Partner API. 

With the core blockchain technology in the Partner API, and identity verification, bank account linking, and digital wallet technology available in the Sila API, Sequoir became what it is today: a fully regulated and FinCEN compliant U.S.-based digital asset trading platform for buying, selling, and swapping digital assets.  

With Sequoir you can integrate a custom blockchain solution for your business.

Think of Sequoir as Infrastructure for businesses Gain access to:

  • Real-time APIs: A true real-time platform with no start of day files to reconcile or end of day files to post.
  • Transparent Pricing: Low-cost pricing to launch and scale your product with new revenue opportunities.
  • Brand Assets: Emails, confirms, statements, and tax documents that reflect your true brand.

Finally, the ability to embed digital blockchain technology at a reasonable price. With Sequoir’s Partner API, transacting with the blockchain is just one API call away.

Sequoir’s blockchain API combined with Sila’s powerful API and payment processing technology was a match made in heaven. Now, with Sila’s core technology providing payment processing, bank account linking, KYC/KYB, and much more, Sequoir didn’t need to spend thousands of dollars, time, and resources coming up with all this themselves.

Sequoir users are able to tap into unprecedented features. Through the Partner API, businesses have access to digital asset conversion (through buy, sell, swap), and that includes 24/7/365 market access and lots of liquidity. Businesses can also obtain digital asset custody with the highest security level possible, and secure loan collateral through digital assets.

Users can enable secure digital asset loans, attracting new lending relationships by allowing borrowers to collateralize their loans using digital assets. Underwriting, automated triggers, and more come standard.

Other features part of digital asset custody includes auditing and reporting. Get the conversion features as a REST API or in a web platform. All users with Sequoir are trusted partners; use Sequoir to secure and obtain liquidity and realize execution-level details.

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A new financial world, built by you.

Sila offers a simple, secure, and scalable banking API to make money programmable with built-in regulatory compliance.