Company Information

Get to know Lygon

Lygon was founded as a joint venture by major Australian banks (ANZ, Commonwealth Bank, Westpac), Scentre Group, and IBM to digitize the paper-based bank guarantee process. The company's mission is to modernize business-to-business guarantees by leveraging blockchain technology to create a single, standardized digital instrument. This platform aims to reduce the risk of fraud, eliminate inefficiencies associated with physical documents, and significantly accelerate the issuance and management lifecycle of financial guarantees for corporations and banks.

Industry

Technology Software DevelopmentPRIMARY
Financial Other Service

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Lygon

Australia

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

Security Information :

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Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.