Blockchain for Fintech Development Company


Open your product up for more diverse groups of investors and leverage new financing opportunities in digital economy thanks to blockchain solutions for financial services Devox provides. Widen your market access while enjoying streamlined and compliant operations.

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Our Services

Blockchain for Fintech Development Services

There are many applications of blockchain technology in financial services. Devox can develop solutions that will help your business and your clients leverage the promise of Web3.

  • Payment Solutions and Wallet Development

    Revolutionize the payments for your community by providing a secure and user-friendly brand-labeled cryptowallet. Web3 allows for a rich set of features and mechanics, bypassing traditional banking intermediaries and making cross-border transactions faster and more cost-effective.

  • Smart Contracts Development

    Smart contracts are the backbone of blockchain: they automate financial agreements, executing them automatically under predetermined conditions, reducing the need for intermediaries and lowering the risk of fraud. Streamline insurance payouts, quicken loan approvals, and boost compliance enforcement.

  • Tokenization Services

    Convert any asset’s ownership into a blockchain token. Be it real estate, stocks, bonds, art or even collectibles, tokenization will democratize the process of investing in them, provide transparency and traceability, and give you more bargaining power as an issuer.

  • Security Token & STO Development

    We can tokenize your securities, bonds, and obligations, shaping them into security tokens. If you wish to issue them to investors, we can help you conduct a Security Token Offering (STO)—an analog of an IPO on blockchain.

  • Decentralized Finance (DeFi) Solutions

    Devox can build platforms for lending, borrowing, trading, and investing without traditional financial intermediaries, leveraging smart contracts to create transparent and accessible financial services. Get a branded DEX, a tailored protocol, or swapping platform similar to Uniswap, SushiSwap or PancakeSwap.

  • Regulatory and Compliance Automation

    Leverage blockchain and its bulletproof yet transparent architecture to facilitate easier audits, automate compliance processes, adhere to KYC (Know Your Customer) and AML (Anti-Money Laundering) guidelines and generally raise trust for your company, contributing to an image of transparency.

  • Fraud Reduction Systems

    Prevent fraud in areas such as payment systems and identity verification, where ensuring the legitimacy of involved parties is crucial. The inherent security features of blockchain like immutability and encryption make it highly resistant to fraud. Blockchain will let you track the lifecycle of a transaction or an asset with absolute certainty of the record’s authenticity.

  • Identity Management Solutions

    Devox can create and incorporate an NTT (non-transferable token) to your ecosystem or blockchain. You will verify your users with ease and no chance of mistake, providing them with an effortless security. Such systems can also be used for customer onboarding, continuously updating and verifying customer details with reduced risk of data breaches or unauthorized access.


Benefits of Custom Blockchain for Fintech Development

When companies implement blockchain in financial industry, they gain space for new sources of funding, investors, financial opportunities and security. Read how exactly can Web3 make your business better.

  • Address Transaction Times & Costs

    Traditional financial systems often involve lengthy and expensive clearing and settlement processes, especially in cross-border transactions. Blockchain facilitates real-time transaction processing, significantly speeding up these operations and reducing waiting times for businesses and consumers. By eliminating the need for intermediaries like banks and payment processors, it substantially reduces fees associated with transactions and financial services, too.

  • Provide Secure and Private Financial Environment

    Eliminate the possibility of security breaches, fraud, and cyber attacks. The decentralized and tamper-evident nature of blockchain enhances security by making it nearly impossible to alter stored data without detection across the entire network. On the way, you will manage and secure vast amounts of data while maintaining privacy a lot easier than before, retain better control over data, and generally contribute to privacy through cryptographic techniques. Lack of Trust among Parties. In traditional finance, trust is heavily reliant on intermediaries. Blockchain creates a trustless environment where transactions and data are verifiable by all parties involved, thereby reducing dependency on any single entity and increasing overall trust.

  • Tap Into Regulatory Compliance and Transparency

    Applications of blockchain in finance allow financial institutions to improve previously cumbersome regulatory compliance through more effective monitoring, reporting, and data management capabilities. Blockchain's immutable nature helps ensure the accuracy and integrity of records necessary for this as it provides an immutable audit trail and transparent operations, simplifying compliance, enhancing transparency, and easing regulatory reporting and monitoring.

  • Increased Liquidity

    Expand your market opportunities and access to capital thanks to newest mechanics. Tokenization (the process of transferring an asset’s ownership to blockchain) is an act of boosting any asset’s liquidity tenfold: as a token, it becomes tradable, can now be divided into fractions to be sold in parts, and access the secondary market. Traditionally illiquid real estate, art, or certain types of debt will be bought and sold more rapidly and with less price compromise.

  • Broad Market Access

    Traditional investing in certain assets or participating in specific financial markets requires significant capital, special relationships, or specific geographical presence. Blockchain democratizes this approach, providing access to digital assets through a decentralized network that does not require intermediaries such as banks or brokers. Lower entry barriers for investors from different economic backgrounds and countries, reaching a broader audience that does not require traditional banking infrastructure.

  • Attract More Different Investors

    Appeal to a much wider pool of investors, making it feasible for smaller investors to participate alongside institutional ones. Regardless of their contribution number, they will enjoy a lowered investment threshold, easy and transparent exit strategies and security features, while you as a token issuer will preserve bargaining power - something traditional institutional investing doesn’t allow for company owners.

Key Features

Key Features of Custom Blockchain for Fintech


Distributed Ledger Technology (DLT)

This is the foundation of blockchain, where a ledger of transactions is distributed across multiple nodes in a network, rather than being stored on a central server. Each node has a copy of the entire ledger, ensuring transparency and redundancy, which helps prevent data loss and tampering.



Blockchain relies heavily on cryptographic techniques to ensure the security and integrity of data. Public-private key pairs are used to create digital signatures that verify the authenticity and integrity of transactions, ensuring that they can only be accessed or modified by authorized users.


Consensus Mechanisms

This component is crucial for maintaining the blockchain's decentralized integrity. It involves methods for agreeing on the validity of transactions across different nodes without a central authority. Common consensus algorithms include Proof of Work (PoW), Proof of Stake (PoS), and Delegated Proof of Stake (DPoS), among others.


Smart Contracts

These are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. Smart contracts automate the execution of agreements and ensure that all parties adhere to the terms without the need for intermediaries.


Blockchain Protocol and Network

This refers to the specific finance blockchain architecture and the rules that govern its operations, including how transactions are initiated, validated, recorded, and communicated within the network.



In blockchain technology, a node is any active device connected to the blockchain network that participates in activities such as transaction verification and consensus. Nodes are critical for the decentralized and distributed nature of blockchain.


Mining (in some blockchains)

This is the process of validating new transactions and recording them on the blockchain. In networks like Bitcoin, mining involves solving complex cryptographic challenges that require computational power and, in return, miners are rewarded with cryptocurrency.


APIs (Application Programming Interfaces)

APIs are used for interacting with the blockchain network, allowing applications to send and receive data from the blockchain, initiate transactions, and access blockchain functionalities.


Transaction Pool

Before transactions are confirmed and added to the blockchain, they are held in the transaction pool (or memory pool). This is a sort of waiting area for all ongoing transactions.



Blocks are data structures within the blockchain where transaction data is permanently recorded. A block records some or all of the most recent blockchain transactions that have not yet entered any prior blocks. Each block is connected to the previous block, forming a chain.

Our Process

Our Blockchain for Fintech Development Process

In terms of integrating blockchain technology and financial services, Devox adheres to internationally acknowledged security practices, combining them with classic SDLC and blockchain mechanics.


01. Initial Advisory & Feasibility Study

Starting the working process, our team clearly identifies the issues to address with blockchain for finance. We define clear objectives for what the development needs to achieve in terms of efficiency, security, transparency, or cost reduction. We then conduct a feasibility study to assess whether blockchain is a suitable technology for the problem at hand by analyzing technical viability, potential regulatory issues, and the economic implications of adopting a blockchain solution in your case. Finally, together with your team, we pick the blockchain type, deciding whether to use a public, private, or consortium blockchain.


02. Architecture Design

Our architects work on the network architecture, including choosing the appropriate consensus mechanism (such as Proof of Work, Proof of Stake, etc.), and planning the network's nodes, APIs, and services. This stage also involves designing the smart contracts that will automate operations within the blockchain.


03. Prototype Development

Our developers work on a prototype or MVP to test the blockchain solution's basic value proposition in a controlled environment. This will help you understand the practical aspects of the blockchain implementation and gather early feedback.


04. Development

Translating the project's design architecture into operational code on Ethereum or Hyperledger Fabric. During this phase, the team develops specific features tailored to the financial environment, such as compliance automation and transaction verification mechanisms. They also implement security features like cryptographic measures and secure key management practices to safeguard against cyber threats.


05. Testing

Devox applies a multi-layered approach to ensure your blockchain application is secure, efficient, and functional. It begins with unit testing, where individual components are tested in isolation to confirm they operate correctly. Integration testing follows, ensuring that various components work together seamlessly, including interactions with external systems. Performance testing evaluates the system's ability to handle expected transaction volumes and stress conditions, crucial for financial applications. Security testing, including penetration tests and vulnerability scans, identifies potential security weaknesses. User Acceptance Testing (UAT) allows actual users to test the system in real-world scenarios to validate the overall functionality and performance. Lastly, regulatory compliance testing ensures the system adheres to financial regulations and standards, which is critical for legal and operational acceptance in the fintech industry.


06. Integration and Deployment

We’re integrating your ready-made blockchain solution with your existing financial systems and processes, developing custom interfaces or middleware to allow smooth interactions between the blockchain and the systems in question. We then deploy the blockchain system to a live environment where it can start handling actual transactions. It can be a phased deployment, which starts with a pilot group before a full rollout.


07. Monitoring and Maintenance

After deployment, we stay in touch to provide continuous monitoring to ensure the system operates as intended. As the market and technology and legislatory regulations evolve, regular updates and maintenance might be required to enhance features, improve security, and integrate new requirements.

  • 01. Initial Advisory & Feasibility Study

  • 02. Architecture Design

  • 03. Prototype Development

  • 04. Development

  • 05. Testing

  • 06. Integration and Deployment

  • 07. Monitoring and Maintenance

Awards & Certifications

Industry Contribution Awards & Certifications

Check Devox Software Awards on rating & review platforms among top software development companies and Certifications our team members holds.

  • Awards
  • Certifications
  • UpWork


  • Clutch


  • The Manifest

    The Manifest

  • DesignRush



  • Clutch


  • Clutch


  • AppFutura


  • Clutch


  • GoodFirms


  • DesignRush


  • UpWork


  • Professional Scrum Master™ II (PSM II)

    Professional Scrum Master™ II (PSM II)

  • Professional Scrum Product Owner™ I (PSPO I)

    Professional Scrum Product Owner™ I (PSPO I)

  • ITIL v.3 Foundation Certificate in IT Service Management

    ITIL v.3 Foundation Certificate in IT Service Management

  • ITSMS Auditor/Lead Auditor of ISO Standard 20000

    ITSMS Auditor/Lead Auditor of ISO Standard 20000

  • Microsoft Certified: DevOps Engineer Expert

    Microsoft Certified: DevOps Engineer Expert

  • Microsoft Certified: Azure Administrator Associate

    Microsoft Certified: Azure Administrator Associate

  • Quality Assurance ISTQB Foundation Level

    Quality Assurance ISTQB Foundation Level

  • Microsoft Certified Solution Develop (MCSD)

    Microsoft Certified Solution Develop (MCSD)

  • Java Development Certified Professional

    Java Development Certified Professional

  • JavaScript Developer Certificate – W3Schools

    JavaScript Developer Certificate – W3Schools

  • Certified Artificial Intelligence Scientist (CAIS)

    Certified Artificial Intelligence Scientist (CAIS)

  • Oracle Database SQL Certified Associate

    Oracle Database SQL Certified Associate

Case Studies

Our Latest Works

View All Case Studies
Web 3 White-label PaaS NeoBank Web 3 White-label PaaS NeoBank
  • Web3
  • Fintech

Web 3 White-label PaaS NeoBank

Our client is a blockchain technology firm that has a network of international financial service provider partners. The project is a white-label PaaS ecosystem for neo banking solutions based on the blockchain network.

Additional Info



Social Media Screening Platform Social Media Screening Platform
  • Backend
  • Frontend
  • Cloud Services
  • DevOps & Infrastructure

Social Media Screening Platform

The project is a web-based AI-powered platform for comprehensive social media background screening. Its supertask is to streamline potential employee background checks for companies, tackling employment risk management.

Additional Info

Core Tech:
  • .NET Core
  • Angular
  • Azure
  • Docker
  • GitLab CI/CD
  • Selenium Web Driver


Sport Info Solution Sport Info Solution
  • Backend
  • Frontend
  • Cloud
  • Metrics & Data

Sport Analytics Platform

Sports Info Solutions is a sports data provider that focuses on gathering and structuring sports data, its analytics and technology.

Additional Info

Core Tech:
  • .NET Core​
  • MS SQL
  • ELK​
  • Vue.js
  • AWS​
  • Docker
  • DataDog​
  • R





The solutions they’re providing is helping our business run more smoothly. We’ve been able to make quick developments with them, meeting our product vision within the timeline we set up. Listen to them because they can give strong advice about how to build good products.

Carl-Fredrik Linné
Tech Lead at CURE Media
Darrin Lipscomb
United States

We are a software startup and using Devox allowed us to get an MVP to market faster and less cost than trying to build and fund an R&D team initially. Communication was excellent with Devox. This is a top notch firm.

Darrin Lipscomb
CEO, Founder at Ferretly
Daniel Bertuccio

Their level of understanding, detail, and work ethic was great. We had 2 designers, 2 developers, PM and QA specialist. I am extremely satisfied with the end deliverables. Devox Software was always on time during the process.

Daniel Bertuccio
Marketing Manager at Eurolinx

We get great satisfaction working with them. They help us produce a product we’re happy with as co-founders. The feedback we got from customers was really great, too. Customers get what we do and we feel like we’re really reaching our target market.

Trent Allan
CTO, Co-founder at Active Place
United Kingdom

I’m blown up with the level of professionalism that’s been shown, as well as the welcoming nature and the social aspects. Devox Software is really on the ball technically.

Andy Morrey
Managing Director at Magma Trading
Vadim Ivanenko

Great job! We met the deadlines and brought happiness to our customers. Communication was perfect. Quick response. No problems with anything during the project. Their experienced team and perfect communication offer the best mix of quality and rates.

Vadim Ivanenko
United States

The project continues to be a success. As an early-stage company, we're continuously iterating to find product success. Devox has been quick and effective at iterating alongside us. I'm happy with the team, their responsiveness, and their output.

Jason Leffakis
Founder, CEO at Function4

We hired the Devox team for a complicated (unusual interaction) UX/UI assignment. The team managed the project well both for initial time estimates and also weekly follow-ups throughout delivery. Overall, efficient work with a nice professional team.

John Boman
Product Manager at Lexplore
Tomas Pataky

Their intuition about the product and their willingness to try new approaches and show them to our team as alternatives to our set course were impressive. The Devox team makes it incredibly easy to work with, and their ability to manage our team and set expectations was outstanding.

Tamas Pataky
Head of Product at Stromcore
Stan Sadokov

Devox is a team of exepctional talent and responsible executives. All of the talent we outstaffed from the company were experts in their fields and delivered quality work. They also take full ownership to what they deliver to you. If you work with Devox you will get actual results and you can rest assured that the result will procude value.

Stan Sadokov
Product Lead at Multilogin
United Kingdom

The work that the team has done on our project has been nothing short of incredible – it has surpassed all expectations I had and really is something I could only have dreamt of finding. Team is hard working, dedicated, personable and passionate. I have worked with people literally all over the world both in business and as freelancer, and people from Devox Software are 1 in a million.

Mark Lamb
Technical Director at M3 Network Limited


  • How does blockchain technology enhance security in fintech applications?

    Blockchain enhances security by using advanced cryptography that ensures data integrity and confidentiality. Every transaction on a blockchain is encrypted and linked to the previous transaction, making it virtually impossible to alter any information without detection. Additionally, the decentralized nature of blockchain means that no single point of failure can compromise the security of the entire system. For fintech, financial software blockchain means safer transactions, reduced fraud, and enhanced user trust, which are critical in handling sensitive financial data and large volumes of transactions.

  • Can blockchain solutions be integrated with existing financial systems?

    Yes, blockchain in finance sector can be integrated with existing financial systems through APIs and middleware that facilitate data exchange and communication between blockchain networks and traditional financial databases. This integration allows financial institutions to leverage the immutability and transparency of blockchain while maintaining their existing infrastructure. Such integrations are crucial for phased adoption, enabling banks and financial services to gradually implement blockchain functionalities like real-time settlements, enhanced KYC processes, and fraud prevention systems without disrupting their ongoing operations.

  • What are the benefits of using smart contracts in fintech?

    Smart contracts automate complex financial agreements, execute transactions automatically upon meeting agreed conditions, and store the terms digitally on the blockchain. In fintech, this reduces the need for intermediaries, which lowers transaction costs and minimizes delays. Smart contracts also provide a higher level of security and reduce the likelihood of disputes, as the contract execution is transparent and immutable. For example, in trade finance, smart contracts can automatically release payments when goods are received, significantly speeding up transactions and reducing paperwork.

  • How does blockchain help fintech companies comply with regulations?

    Blockchain offers an exceptional level of traceability and transparency that is beneficial for regulatory compliance. Every transaction recorded on a blockchain is immutable and time-stamped, providing an indelible audit trail that aids in meeting stringent regulatory requirements for data integrity and reporting. For fintech companies, this means easier adherence to AML (Anti-Money Laundering), CFT (Combating the Financing of Terrorism), and KYC (Know Your Customer) regulations. Additionally, blockchain can be programmed to automatically enforce compliance through smart contracts, reducing the risk of human error and ensuring continuous compliance with evolving regulations.

  • How does blockchain improve transaction speeds and reduce costs in financial services?

    Blockchain technology significantly reduces the time and cost associated with traditional financial transactions, particularly in cross-border payments. By eliminating intermediaries and reducing transaction fees, blockchain allows for near-instantaneous settlements at a fraction of the cost of conventional banking systems. This is especially beneficial for international trade, where blockchain can streamline payments, clearances, and settlements, enabling more efficient and cost-effective financial operations. For fintech, leveraging blockchain means offering customers faster, cheaper, and more reliable services, enhancing customer satisfaction and competitive advantage.

  • Is custom fintech blockchain better than IBM software crypto banking and how?

    Whether a custom fintech blockchain is better than IBM software crypto banking depends on specific business needs and requirements. Custom fintech blockchains offer tailored solutions designed precisely to a company’s unique needs, providing flexibility and specific features that off-the-shelf solutions like IBM might not offer. However, IBM’s solutions are backed by extensive research, established infrastructure, and support, making them reliable and secure for enterprises that require proven, scalable solutions.

    IBM also provides an integration-friendly platform that can reduce development time and ensure compliance with regulatory standards. Thus, the choice between custom and IBM solutions should be based on the balance between the need for customization and the benefits of a robust, tested platform.

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