Crypto-as-a-service or cryptocurrency-as-a-service (CaaS) has not yet fully been defined. It can literally mean any sort of Software or Platform as a service related to the crypto world. In the broader sense, Crypto-as-a-Service is the ability to launch a crypto-related product/service, with the service provider providing not only the platform rails but also the regulatory (read: licensing) and compliance rails as well.
For example, if someone is trying to launch an OTC (Over-the-Counter) Bitcoin Trading Desk, then a CaaS (Cryptocurrency-as-a-Service) would imply that the solution provider is able to provide the platform rails (i.e. API), custody of funds handling, licensing, compliance, anti-money laundering, KYC/KYB, and reporting requirements at a very minimum.
This allows businesses who wish to build products and services to go to market quicker and be fully compliant with the local laws and regulations.
This page was last updated on October 12, 2021.