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We issue digital currencies pegged to national currencies and backed with fiat money in a bank account.
Our solution enables smart contracts to operate with fiat currencies opening a world of programmable money.
Altalix is regulated by the FCA and registered as a small e-money institution.
As part of the FCA sandbox program, Altalix has successfully tested payments to charities via smart contracts under the supervision of the FCA.
Altalix was one of the very first companies to receive a license from the FCA to issue national currencies on Distributed Ledger Technology.
Altalix technology and intellectual property have been developed and financed by a grant from the British government (total cost of the project: £550,000). Altalix is a spinoff of Tramonex which is an Authorised Payment Institution.