Crypto Payments Opportunity Grows as InFocus Wins Multi-Phase Deal
The global demand for seamless, cross-border payment solutions continues to rise, with stablecoin technology emerging as a key player in the financial landscape. Australian-listed data analytics and software solutions company InFocus Group Holdings Limited (ASX:IFG) has secured a US$1.5 million service agreement with GBO Assets Ltd, a Seychelles-based entity, to develop a cross-border stablecoin-based payments platform.
CEO: “Well-Positioned to Deliver a Cutting-Edge Solution”
Commenting on the deal, InFocus CEO Ken Tovich said the company’s expertise in software engineering and data analytics made it the ideal partner for this high-profile project.
“We are extremely pleased to have been awarded the work to deliver a cross-border, stablecoin-based payments platform for GBO Assets.”
Tovich highlighted that InFocus’ acquisitions over the past year have strengthened its ability to deliver end-to-end solutions that incorporate artificial intelligence (AI), machine learning, digital assets, and big data.
“This engagement presents another high-profile opportunity for InFocus to showcase our enterprise-scale capabilities with our newly enlarged team following the Prodigy9 acquisition earlier this year.”
Four-Phase Development Plan
Under the agreement, InFocus will design, develop, and deploy the payments platform over the next 24 months. The project will be delivered in four key phases:
- System architecture and design. Over a three-month period, InFocus will develop the system architecture to ensure scalability and efficiency.
- Core platform development. This phase spans 6 to 9 months, focusing on building the platform’s core features, including a real-time AI-powered order matching engine and liquidity pools.
- Integration with third-party providers. InFocus will integrate compliance and technical solutions, including Know Your Customer (KYC), Anti-Money Laundering (AML), and blockchain verification.
- Initial platform launch. The final three-month phase will include quality assurance (QA), live testing, and cybersecurity audits.
Additionally, GBO Assets has engaged InFocus for an estimated US$380,000 in early launch and maintenance activities, bringing the potential total contract value to US$1.9 million.
Strengthening Partnership with GBO Assets
This latest contract follows a US$2.5 million engagement last quarter, in which InFocus was tasked with developing a white-labelled digital gaming product for GBO Assets. The stablecoin-based payment platform will further strengthen their partnership, with InFocus now the preferred technology partner for future third-party rollouts.
“The GBO projects span digital gaming, cryptocurrency, and digital assets, aligning with our strategy of entering new markets and expanding our product and service offerings,” Tovich said.
Future Outlook and Market Potential
The completed platform will enable users to conduct seamless cross-border remittances and currency exchanges using stablecoins, addressing growing global demand for faster and more cost-effective digital transactions.
Despite the cryptocurrency market’s evolving regulatory landscape, InFocus remains solely a technology provider and will not operate the platform, ensuring it is not exposed to regulatory or compliance risks related to cryptocurrency.
With this latest contract, InFocus continues to position itself as a leading enterprise-scale technology provider, leveraging AI, machine learning, and big data to drive innovation across fintech, gaming, and digital assets.
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