Amazon Web Wants to Drive Crypto Settlement and Web Custody Services


Amazon Web Services (AWS) is looking for an expert to facilitate the underwriting, transaction processing and hosting of digital assets in the cloud, according to a recent job posting. The infrastructure giant is looking to hire a financial services expert to work with global financial institutions and innovative fintech companies to "transform the way they trade digital assets such as cryptocurrencies, CBDCs [central bank digital currencies], stablecoins, security-backed tokens, asset-backed tokens and NFTs from price discovery to execution, settlement and escrow." According to previous job postings, Amazon's much-anticipated move into digital assets is expected to include some sort of payment token, known as "Amazon Coin." Meanwhile, AWS' custom infrastructure for things like cryptocurrency transaction processing and hosting could be seen as a smart move, as IBM is doing as well.