CLOWD9 On Ledger

Overview
Using the On Ledger processing solution, are able to use CLOWD9 as the master of customer account balance and authorise and settle card transactions and perform banking operations through partners.

CLOWD9 implements this accounting sub system as an independent sub system that can collaborate with other sub systems or operate independently.

Physical funds and physical fund movements will happen outside of CLOWD9 platform. These typically happen on the aggregated funds that client holds on behalf of their customers with a regulated financial services entity.

CLOWD9 only holds the “values” of individual customer funds within its platform as instructed by the clients through published APIs. As and when there are movements on the values those are sent to client platform in near real time to keep the client side fund movements in sync.

CLOWD9’s On Ledger solution handles various use cases:

Simple Stored Value Account of a single currency to a single or joint customer

Multi Currency Accounts

Crypto Backed Accounts

Commodity Backed Accounts