Company recognized for innovation, technical excellence and transformation in blockchain-based digital payments

Tassat Group Inc., a global provider of blockchain technologies and products for financial institutions, today announced that it has won a Google Cloud Financial Services Customer Award, recognizing the technical excellence and innovative capabilities of the TassatPay^TM Network.

The inaugural award was presented at the Google Cloud Next ‘21 global digital event on October 12, 2021. Tassat was selected for its achievements with Google Cloud, utilizing the industry-leading service to help power its offerings, which give banks the benefits of blockchain, such as real-time payments, smart contracts and enhanced data capabilities.

TassatPay enables real-time, on-demand, 24/7/365 payments for banks to offer their commercial customers and works by tokenizing their U.S. dollar deposits. The only platform of its kind to be vetted by major banking regulators, TassatPay has been fully operational for almost three years and has processed billions of dollars in tokenized payments.

Ron Totaro, CEO, Tassat said: “It’s an honor to be recognized by one of the world’s foremost technology providers as a leading innovator in blockchain payments. TassatPay is a mission-critical centerpiece of our bank customers’ digital infrastructure and working with Google Cloud enables us to easily add new banks to our network and deliver a secure, robust and reliable operational experience. We’re excited by the role we’re playing in shaping the digital economy as we onboard new banks and the businesses they serve onto the TassatPay Network.”