Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

Parallel secures $2.4 million to provide native AI finance teams for startups.

October 10, 2025

Oracle and Auditoria AI Enhance Financial Automation in This Week’s Cloud AI Updates

October 10, 2025

European small and medium-sized enterprises face risks while developing AI strategies on unstable digital groundwork, reveals recent Qonto survey.

October 10, 2025

Fintech financing in India declines by 17% in 2025, yet early-stage startups maintain resilience against the slowdown: Tracxn – Startups News

October 10, 2025
Facebook X (Twitter) Instagram
Trending
  • Parallel secures $2.4 million to provide native AI finance teams for startups.
  • Oracle and Auditoria AI Enhance Financial Automation in This Week’s Cloud AI Updates
  • European small and medium-sized enterprises face risks while developing AI strategies on unstable digital groundwork, reveals recent Qonto survey.
  • Fintech financing in India declines by 17% in 2025, yet early-stage startups maintain resilience against the slowdown: Tracxn – Startups News
  • Global regulator raises concerns about major tech control while AI in finance continues to be significant
  • Niro officially ceases operations after securing $20 million, with the founder stating that they achieved the unachievable.
  • Athenahealth Introduces Complimentary AI Enhancements for Revenue Cycle Management
  • Financial Advice New Zealand introduces AI training program for advisors to enhance professional development.
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    European small and medium-sized enterprises face risks while developing AI strategies on unstable digital groundwork, reveals recent Qonto survey.

    October 10, 2025

    PM Modi invites international investors to be part of India’s growth narrative at the Global Fintech Fest.

    October 9, 2025

    What $9.6T Daily FX Trading Means for Fintech Startups

    October 1, 2025

    How Finjobsly is Helping Candidates Connect With Fintech Firms

    September 29, 2025

    AI-powered fintech job platform Finjobsly.com Launches

    September 16, 2025
  • AI

    Parallel secures $2.4 million to provide native AI finance teams for startups.

    October 10, 2025

    Oracle and Auditoria AI Enhance Financial Automation in This Week’s Cloud AI Updates

    October 10, 2025

    Global regulator raises concerns about major tech control while AI in finance continues to be significant

    October 10, 2025

    Athenahealth Introduces Complimentary AI Enhancements for Revenue Cycle Management

    October 10, 2025

    Financial Advice New Zealand introduces AI training program for advisors to enhance professional development.

    October 10, 2025
  • Acquisitions

    Amazon concludes its acquisition of the Indian lender Axio, expanding its fintech efforts.

    September 11, 2025

    The incident involving the Kaustubh Kulkarni movement in Moomoo

    September 3, 2025

    Overview of Acquisitions for US Fintech Companies from the Clifford Chance Guide

    September 2, 2025

    Dentons guides PEAC Solutions in acquiring Fintech Topi

    August 29, 2025

    Truckstop.com purchases the denim division of the transport finish company

    August 24, 2025
  • Trends

    Vietnam Fintech Market Overview: Trends, Growth Potential, and Future Directions

    October 8, 2025

    Industry size projected to reach 550.9 billion USD

    October 3, 2025

    Germany’s Fintech Market Expected to Reach 29.25 Billion USD by 2030

    October 3, 2025

    Expansion of the Blockchain and Fintech Sectors in Tokenization

    September 30, 2025

    Expansion and Investment Prospects in the GCC Fintech Sector

    September 25, 2025
  • Insights

    Finance Minister Sitharaman inaugurates foreign currency settlement system in Gift City.

    October 7, 2025

    What $9.6T Daily FX Trading Means for Fintech Startups

    October 1, 2025

    Exploring the Boundaries of Technology: Advantages of the Fintech Sector

    September 30, 2025

    Examining the recent evaluation of Up Fintech following new analyst coverage that emphasizes its growth prospects.

    September 24, 2025

    Riyadh Establishes a New Benchmark with Record 20/20 Middle East Funds, Enhancing Saudi Arabia’s Influence

    September 21, 2025
  • Rumors

    American regulators dismiss rumors of a dry CFTC merger, aiming to eliminate fear, uncertainty, and doubt in the cryptocurrency space.

    October 5, 2025

    Insights on OKX Communication Strategies for the Future of BTC Futures

    October 3, 2025

    Has the Texas Senate authorized the XRP reserve bill for purchasing $100 million in XRP annually?

    October 1, 2025

    Bitcoin and Ethereum dominate the market surge

    September 23, 2025

    Dogecoin price aims for $0.30 as the launch of Doje ETF boosts market optimism.

    September 18, 2025
  • Startups

    Fintech financing in India declines by 17% in 2025, yet early-stage startups maintain resilience against the slowdown: Tracxn – Startups News

    October 10, 2025

    Niro officially ceases operations after securing $20 million, with the founder stating that they achieved the unachievable.

    October 10, 2025

    Key Startup Updates Today – Major Investments in AI, Fintech, and Funding

    October 9, 2025

    Europe’s top venture capital fund claims FinTech startups will influence the future economy.

    October 9, 2025

    Insights for Fintech Startups Exploring the Crypto Landscape from BitMine’s Experience

    October 9, 2025
  • finjobsly
fintechbits
Home » Tectum wins Best Blockchain Innovation Award at Leaders in Fintech 2024
Technology Innovations

Tectum wins Best Blockchain Innovation Award at Leaders in Fintech 2024

5 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Tectum Blockchain Innovation Award.jpg
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

Tectum, recognized as the fastest Tier 1 blockchain, has been awarded the prestigious “Best Blockchain Innovation” award at the Leaders in Fintech Awards 2024. This recognition highlights the platform’s cutting-edge solutions and contributions to blockchain technology, particularly in the Middle East and North Africa (MENA) region. Tectum is a subsidiary of Crispmind, an intellectual property and technology innovation company.

This award places Tectum among the most reputable fintech players, such as Paymob, Tamam and Hyperpay, all of which have been recognized by the same awarding body in previous years. This recognition highlights Tectum’s role in advancing blockchain services in an increasingly competitive and evolving fintech landscape.

Overview of the Leaders in Fintech Awards 2024

The Leaders in Fintech Awards 2024 comprise a total of 38 categories, each designed to celebrate the contributions of individuals and organisations within the fintech sector. These categories cover various aspects of financial technology, reflecting the diverse and dynamic nature of the sector. The awards are designed to encompass a wide range of service providers across the MENA region, ensuring that every impactful innovation is recognised.

Voting for the awards is open to all, with no restrictions on participation. This inclusiveness allows for broad engagement within the fintech community, giving everyone a voice in the decision-making process. The voting period was extended until September 3, 2024, when no further applications were accepted. Following the close of voting, the awards ceremony took place on September 11, 2024, at Habtoor Palace in Dubai, United Arab Emirates.

Tectum Rewarded for Blockchain Innovation

Tectum won the Best Blockchain Innovation award for its ability to process an unmatched number of transactions per second (TPS), positioning it as the fastest blockchain in the industry. With a capacity exceeding 3.5 million TPS, Tectum has demonstrated its technical superiority and operational efficiency, particularly in high-performance blockchain environments. This high transaction throughput sets it apart from other blockchain platforms, making it a clear leader in terms of speed and scalability.

Beyond its blockchain network, Tectum has developed several key fintech solutions aimed at improving the utility and accessibility of cryptocurrencies. Among these, SoftNote stands out as a significant innovation within Tectum’s ecosystem. SoftNote facilitates the scaling of Bitcoin transactions by providing users with a simple and user-friendly wallet interface. This solution allows individual crypto users and merchants to efficiently manage their digital assets on a single platform, further simplifying the crypto experience.

Expanding the ecosystem with SoftNote solutions

In addition to the SoftNote wallet, Tectum has launched other fintech products designed to simplify the use of cryptocurrencies in everyday transactions. One such product is SoftNote Bills, a system that allows users to send and spend cryptocurrencies like Bitcoin and Ethereum with a minimal gas fee of just $1. This feature makes cryptocurrency more accessible to the masses by eliminating the need for traditional blockchain wallets. By simplifying the user experience, SoftNote Bills aims to increase the adoption of digital currencies in everyday financial activities.

Tectum also launched SoftNote Pay, a crypto credit card that facilitates direct payments with digital currencies. This service allows users to make payments using cryptocurrencies without the need to convert them to fiat currency. By bridging the gap between traditional payment methods and digital assets, SoftNote Pay aims to increase the utility of cryptocurrencies in the real world.

Tectum’s technological advance

Tectum’s status as the fastest Layer 1 blockchain is further enhanced by its use of a Proof-of-Utility consensus mechanism. This mechanism ensures that transactions are processed smoothly through trusted nodes, ensuring both speed and security. Unlike many Web 3.0 networks that suffer from traffic congestion and delays, Tectum uses a layered transaction processing system. This system significantly reduces bottlenecks while ensuring transaction privacy through the use of zero-knowledge proofs (ZKP), improving both performance and privacy in a blockchain environment.

Tectum’s product line also includes X-Factor Authenticator, a quantum-proof three-factor authentication protocol that provides users with best-in-class security. This advanced authentication system is part of Tectum’s commitment to protecting digital assets and building user trust in its platform.

Innovate with Crispmind

Tectum’s achievements are supported by its parent company, Crispmind, a well-established intellectual property and software development company. Crispmind has a diversified portfolio that spans secure messaging, user authentication, blockchain technology, distributed ledgers, and cryptocurrency solutions. The company serves both private enterprises and government institutions, demonstrating its versatility and ability to meet the complex needs of different industries.

Through its innovations, Crispmind seeks to simplify the challenges of the digital age, enabling individuals and businesses to thrive in an increasingly technology-driven world. Tectum’s blockchain innovations, including its fast transaction speeds and user-friendly fintech solutions, are a testament to Crispmind’s broader mission to make cutting-edge technology accessible and effective.

Conclusion: A Leading Innovator in Blockchain Technology

Tectum’s recognition in the 2024 Leaders in Fintech Awards underscores its position as a pioneer in the blockchain industry. With its unmatched transaction speeds, innovative solutions like SoftNote, and commitment to simplifying the use of cryptocurrencies, Tectum is poised to lead the way in both blockchain technology and the broader fintech space. As the demand for faster and more efficient digital financial solutions continues to grow, Tectum’s contributions are set to play a significant role in shaping the future of blockchain and decentralized finance.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Sofi Technologies speeds up advancements in financial technology

October 1, 2025

Newspravin Mahajan: The mortgage broker driving technological advancements by integrating Fintech and AI to transform the mortgage industry.

September 26, 2025

Ideal Finance launches a global fintech regulatory innovation lab in Silicon Valley and collaborates with major international firms to develop an institutional-level digital custody system.

September 26, 2025
Leave A Reply Cancel Reply

Latest news

Parallel secures $2.4 million to provide native AI finance teams for startups.

October 10, 2025

Oracle and Auditoria AI Enhance Financial Automation in This Week’s Cloud AI Updates

October 10, 2025

European small and medium-sized enterprises face risks while developing AI strategies on unstable digital groundwork, reveals recent Qonto survey.

October 10, 2025
News
  • AI in Finance (1,713)
  • Breaking News (173)
  • Corporate Acquisitions (71)
  • Industry Trends (207)
  • Jobs Market News (309)
  • Market Insights (216)
  • Market Rumors (279)
  • Regulatory Updates (174)
  • Startup News (1,115)
  • Technology Innovations (179)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,713)
  • Breaking News (173)
  • Corporate Acquisitions (71)
  • Industry Trends (207)
  • Jobs Market News (309)
  • Market Insights (216)
  • Market Rumors (279)
  • Regulatory Updates (174)
  • Startup News (1,115)
  • Technology Innovations (179)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2025 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.