Knabu (KBU)

We are a DLT company based in London and have started our bank authorisation process to solve the problem of denial of bank accounts to blockchain businesses. We are currently building a Utility Bank from scratch & engineering it to leverage DLT, alternative to SWIFT.

Whitepaper

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What is Knabu

We are the only blockchain team that has started the license process to be a clearing bank here in the UK. We are very unique looking to provide fiat clearing and re-engineer the outdated bank model towards universal settlement. This is a non-trivial problem no one else is tackling. We also have a token platform is designed to enable credible token projects to launch with easy to use tools while incentivising good behaviour. It is designed to use DLT to support the cryptoeconomy.

WHAT IS KNABU?

We are a Distributed Ledger Technology (DLT) company based in London. Our token platform is designed to enable credible token projects to launch with easy to use tools while incentivising good behaviour. We have also started our bank authorisation process to be a utility bank. It is designed to use DLT to support the cryptoeconomy.

Our #1 goal is to enable more efficient trade and transactions.

This paper describes how we plan to tackle some of today’s value transfer inefficiencies and incentivize good actors who drive credible token projects.

Unfortunately, two (2) non-trivial problems persist. Both hamper the public good.

We want to help drive transparency, competition and innovation in the financial services and crypto-economy sectors. We want to improve the landscape and create great outcomes for all of us.

KEY MARKET DRIVERS & OPPORTUNITIES

Today’s cryptomarket is estimated to be $0.5T. By 2025, the cryptomarket is estimated to be $10T, representing 10% of World GDP.3 Yet, the bridge between fiat currency and cryptocurrencies remains inconvenient and this value is not easily accessible. The global payments revenue market size is approximately USD 2 trillion and steadily rising. In most cases, global payments are the payments revenues that include direct and indirect revenues generated by non-cash payment services, collected by financial services companies around the globe. Our target market is the blockchain business sector. We plan to target UK based businesses: Blockchain businesses, regulated companies (e.g. APIs, SPIs EMIs AISPs, PISPs) especially those with innovative models. For example, FCA Regulatory sandbox companies and the like that cannot get bank accounts because they are hybrid models.