• Amazon Web Services intends to move cryptocurrency settlement and custody to the cloud

  • According to a recent job posting, Amazon Web Services (AWS) is looking for a specialist to foster digital asset underwriting, transaction processing, and custody in the cloud.

    The infrastructure company is looking for a Financial Services Specialist to work with global financial institutions and cutting-edge fintechs to “transform the way they transact digital assets (ex. cryptocurrencies, CBDCs [central bank digital currencies], stable coins, security-backed tokens, asset-backed tokens, and NFTs [non-fungible tokens]) from price discovery to execution, settlement, and custody.”

    Based on previous job postings, Amazon’s much-anticipated move into digital assets is expected to include some kind of payment token, dubbed “Amazon coin.” Meanwhile, AWS tailoring its infrastructure to things like cryptocurrency transaction processing and custody will likely be seen as a wise move, similar to what IBM is doing.

    “You will help deliver solutions that move customers towards end-to-end digital asset underwriting, transaction processing, and custody in the cloud, working hand in hand with our sales teams, solution architects, ISVs, and systems integrators,” according to the AWS job posting.

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