DaffiOne: Building a No-Custodian Future

Banking services are crucial to everyone’s lives and play a pivotal role in determining growth opportunities. 

Around the world, the lack of quality banking services presents a significant hurdle to economic development for billions. In fact, more than a quarter of the global population is excluded from the digital economy due to geographic location, low income, and other barriers. 

To foster sustainable economic growth, it is crucial to address these challenges and create inclusive banking solutions for everyone.

The rollout of DaffiOne Merchant marks a significant milestone for us, as well as the everyday use of blockchain-based services and the universal availability of digital financial services.

What is No-Custodian Finance?

The answer is straightforward: it doesn't require custodian banks and centralized service providers to work.

Instead, individuals and businesses perform the transactions themselves, account-to-account, using blockchain-based accounts and technological tools that are easy to learn.

Non-custodial finance doesn't involve gatekeepers deciding who can benefit from the services; it allows everyone everywhere to access high-quality services.

Since there is no need for intermediaries or centralized services, it significantly lowers costs, enhances privacy, reinforces security, and control over one's money never passes to a custodian and always remains with the owner of that money.

What is the benefit of having no custodian in finance?

It empowers individuals and businesses by giving them more control, and it reduces their spending on banking services.

It breaks down traditional banking inclusion and fee barriers.

It offers everyone high-quality, secure, efficient, and low-cost financial services, regardless of location or financial status.

Whether you are an individual or a business, regardless of where you are located, you stand to benefit from adopting non-custodial finance solutions for your everyday financial transactions.

DaffiOne Modules: Wallet, Pay, Remit, and Payroll

We support a wide range of transactions through our no-custodian finance modules:

Wallet enables users to create blockchain-based accounts to send and receive digital currencies. It also allows for converting digital currencies, stablecoins, cryptocurrencies, or tokenized assets. Our upcoming No-Custodian Finance Wallet adds support for currency accounts and debit cards. The NCF Wallet allows simple conversions between traditional and digital currencies and debit cards.

Pay allows the use of stablecoins to make payments to merchants everywhere, from street vendors to large corporations. Becoming a DaffiOne Pay merchant is easy and universally accessible. Merchants can keep the stablecoins received or request conversion to a traditional currency for deposit into their bank account.

Remit enables DaffiOne users to deposit or withdraw funds at Remit-participating merchants, providing a crucial service in areas with limited access to ATMs or lacking a banking infrastructure. Remit is not intended for regions with easy access to pay by bank card and ATM, as existing services generally meet users' needs.

Payroll allows employers to pay their employees using stablecoins. The stablecoins received by the employee can be converted to traditional currencies at a Remit-participating merchant, used in purchases at Pay-participating merchants, used with a DaffiOne debit card, or sent as stablecoins or currency using the DaffiOne Wallet.

Regulatory Compliance

DaffiOne places a high priority on ensuring that all its solutions are fully compliant with global financial rules. Pay and Wallet services comply with all applicable regulations, including Europe MiCA and PSD2. Remit services also meet all necessary regulatory requirements.

All DaffiOne solutions adhere to stringent Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) rules and meet regulatory requirements.

DaffiOne no-custodian finance solutions use users' self-custodial accounts and do not involve custodial services or centralized exchanges.

Safewire integration makes converting between blockchain-based digital currencies and traditional currencies in a bank account easy. Safewire Payments Ltd is a Canadian licensed Money Services Business (FINTRAC M23442840) and an authorized cryptocurrency service provider.

Toward a Unified Banking Future

Ultimately, the DaffiOne solutions are built on the age-old vision of a unified, global, low-cost and universally available, to everyone, banking system that supports everyone's needs and provides equal financial opportunities to everyone, everywhere.

No-custodian finance addresses inequalities in access to financial services while unlocking significant economic growth opportunities for everyone.

What's Coming Next to DaffiOne

While the Pay solution is rolling out, and we are completing the Remit and Payroll solutions, we are also working on a no-custodian finance version of our Wallet which will be release mid-July (2025).

It features a simplified interface for individuals who want to join the no-custodian finance movement but lack blockchain experience. With a focus on the users' everyday needs, its user interface makes mastering no-custodian finance easy.

The new Wallet takes full advantage of the combined functionalities of the Pay, Remit, and Payroll solutions, and integrates Safewire currency & debit card services. With our new Wallet, anyone, anywhere, can start their no-custodian finance journey within minutes!

Thank You to Our Users

We sincerely thank our users for their continued support throughout the DaffiOne development and testing phases. It took five years to bring our vision to life, and we are excited to enter the go-to-market stage.

The support we've received from our users has been invaluable. With their assistance, we look forward to further expanding our reach and empowering people globally with no-custodian finance solutions.

The no-custodian finance journey has just begun, and joining the movement is becoming easier than ever. Take control of your finances with DaffiOne and experience no-custodian finance firsthand..