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

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

Lidya, a Nigerian fintech company, shuts down after a decade of operation.

October 27, 2025

Finance executive highlights the need for stronger collaboration with Latin America in the areas of artificial intelligence, minerals, and clean energy.

October 27, 2025

$15 million secured to revolutionize financial intelligence for the future

October 27, 2025

Routefusion, a payments technology startup, secures $26.7 million in Series A funding.

October 26, 2025
Facebook X (Twitter) Instagram
Trending
  • Lidya, a Nigerian fintech company, shuts down after a decade of operation.
  • Finance executive highlights the need for stronger collaboration with Latin America in the areas of artificial intelligence, minerals, and clean energy.
  • $15 million secured to revolutionize financial intelligence for the future
  • Routefusion, a payments technology startup, secures $26.7 million in Series A funding.
  • The Financial Necessity: Tanul Mishra of Afthonia Labs Discusses Enhancing the Fintech Startup Landscape in India
  • CGTNAI Revamps Finance: Perspectives from Beijing’s Financial Street Forum
  • Crypto Payroll and the Evolution of Fintech Startups
  • TMU professor influences Canada’s AI regulations in the financial industry
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    OpenAI Hires 100 Former Investment Bankers to Train AI in Financial Modeling

    October 21, 2025

    B2B fintech Yaspa leverages its new regional brand to enter the U.S. market.

    October 16, 2025

    Fintech Employment Boom Stimulates Financial Job Market in London

    October 15, 2025

    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
  • AI

    Finance executive highlights the need for stronger collaboration with Latin America in the areas of artificial intelligence, minerals, and clean energy.

    October 27, 2025

    $15 million secured to revolutionize financial intelligence for the future

    October 27, 2025

    CGTNAI Revamps Finance: Perspectives from Beijing’s Financial Street Forum

    October 25, 2025

    TMU professor influences Canada’s AI regulations in the financial industry

    October 25, 2025

    OpenAI acquires personal finance application Roi

    October 25, 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

    Overview of the Singapore Fintech Market Size by 2025: Shares, Trends, and Growth Prospects

    October 22, 2025

    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
  • Insights

    Bizcap purchases a financial technology firm based in the U.S.

    October 24, 2025

    Issues Facing PB Fintech: A Look at Stock Market Predictions

    October 22, 2025

    The upcoming frontier in managing personal wealth

    October 17, 2025

    India spearheads the fintech revolution with 87% of payments being digital.

    October 16, 2025

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

    October 7, 2025
  • Rumors

    Is Coinbase exploring a BVNK acquisition to enhance its stablecoin growth?

    October 14, 2025

    Japanese Digital Finance Firm Experiences Rapid Expansion

    October 11, 2025

    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
  • Startups

    Lidya, a Nigerian fintech company, shuts down after a decade of operation.

    October 27, 2025

    Routefusion, a payments technology startup, secures $26.7 million in Series A funding.

    October 26, 2025

    The Financial Necessity: Tanul Mishra of Afthonia Labs Discusses Enhancing the Fintech Startup Landscape in India

    October 25, 2025

    Crypto Payroll and the Evolution of Fintech Startups

    October 25, 2025

    Applications for the Fintech Zone are currently being accepted.

    October 24, 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

FreedomPay Acknowledged for AI Advancements at Fintech Marketing Global Awards

October 17, 2025

Cardoso’s message to fintech leaders: robust governance is essential alongside technological innovation.

October 16, 2025

Sofi Technologies speeds up advancements in financial technology

October 1, 2025
Leave A Reply Cancel Reply

Latest news

Lidya, a Nigerian fintech company, shuts down after a decade of operation.

October 27, 2025

Finance executive highlights the need for stronger collaboration with Latin America in the areas of artificial intelligence, minerals, and clean energy.

October 27, 2025

$15 million secured to revolutionize financial intelligence for the future

October 27, 2025
News
  • AI in Finance (1,769)
  • Breaking News (176)
  • Corporate Acquisitions (71)
  • Industry Trends (208)
  • Jobs Market News (313)
  • Market Insights (220)
  • Market Rumors (281)
  • Regulatory Updates (176)
  • Startup News (1,145)
  • Technology Innovations (181)
  • 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 (1,769)
  • Breaking News (176)
  • Corporate Acquisitions (71)
  • Industry Trends (208)
  • Jobs Market News (313)
  • Market Insights (220)
  • Market Rumors (281)
  • Regulatory Updates (176)
  • Startup News (1,145)
  • Technology Innovations (181)
  • 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.