As the crypto landscape rapidly evolves, platforms must innovate at the intersection of technology, security, and regulation. In this exclusive interaction, Rajeev Ranjan, Editor at Digital Terminal, speaks with Alankar Saxena, Co-founder and CTO of Mudrex, to explore how the company is integrating AI, embracing global compliance, supporting emerging blockchain innovations, and building trust with a security-first approach.
Rajeev: How is Mudrex leveraging AI to enhance user experience and security on the platform?
Alankar: We are currently in an era where the usage of AI has become a necessity. In a space as fast-paced and volatile as crypto, building a platform that’s both intelligent and secure requires more than just keeping up with trends; it demands proactive innovation using tech like AI.
At Mudrex, we’ve embedded AI across core functions, especially in fraud detection and data verification, to eliminate the risk of tampering. This automation not only boosts accuracy but significantly strengthens our compliance posture.
Rajeev: With Mudrex now expanding in Europe and gaining licenses like the VASP in Lithuania and OAM in Italy, how do you see global compliance shaping the future of crypto platforms?
Alankar: With many countries across the globe working towards setting up a regulatory framework for crypto activities, platform compliance becomes one of the most important aspects for a global platform like ours. Securing licenses like the VASP and OAM registration sets the foundation for long-term scalability.
We see that as more and more countries come up with regulations, global compliance would not be a choice anymore; it would become part of the mandatory compliance stack. What we have done at Mudrex is that we have built our compliance stack focused on global expansion. With this, we aim to provide our services with a compliance-first approach, ensuring global legal standards.
Rajeev: How do you see the emergence of CBDCs impacting retail crypto adoption and platforms like Mudrex? Will they compete or coexist?
Alankar: Today, over 134 countries around the world are working on CBDCs, representing a large part of the global economy. With over 1000 cr worth of CBDC in circulation, they create familiarity with the underlying blockchain technology for the users, helping the general public get used to the tech behind it.
More importantly, CBDCs strengthen the underlying infrastructure necessary for a digital-first financial system. In my opinion, CBDCs shouldn't be seen as rivals to crypto, but rather as enablers that legitimise digital assets, strengthen underlying infrastructure, and accelerate mainstream adoption of digital finance
Rajeev: Layer 2 solutions are often touted as the answer to blockchain scalability. What’s your take on their current maturity and adoption, and how does Mudrex plan to support these innovations?
Alankar: Layer 2 solutions have made significant improvements in addressing the scalability and cost-efficiency challenges faced by major blockchains like Ethereum. We’re seeing increasing maturity in networks like Arbitrum, Optimism, and Base, with growing developer activity, user adoption, and real-world use cases. However, mass adoption might still take a few more years.
At Mudrex, we recognise the potential of Layer 2s in accelerating the next wave of crypto adoption. We have also launched an index fund tracking the top Layer 2 projects, making it easier for users to invest, trade, and explore opportunities in this segment, with lower fees and faster transaction speeds.
Rajeev: What real-world use cases do you believe will drive the next wave of NFT adoption?
Alankar: The global NFT market had hit $17 billion back in 2022, driven largely by digital art, entertainment adoption, marketplace adoption and others. However, since then, the market cap of NFTs is down by 77%. For NFTs to regain their old charm, I believe that the adoption of real-world tokenisation could be one of the strongest driving factors. Fractional ownership through NFTs allows more people to invest in real estate with lower barriers to entry, making property investment more accessible.
Rajeev: What steps is Mudrex taking to ensure user protection and build long-term trust?
Alankar: At Mudrex, we follow a compliance-first approach, prioritising the security and integrity of our platform. Our dedicated security team works around the clock to safeguard user assets through robust KYC protocols, two-factor authentication (2FA), encryption, and continuous monitoring. Investors have complete access to their funds at all times, with seamless INR and crypto deposits and withdrawals. We further enhance fund safety by partnering with trusted custodians for secure asset storage.
𝐒𝐭𝐚𝐲 𝐢𝐧𝐟𝐨𝐫𝐦𝐞𝐝 𝐰𝐢𝐭𝐡 𝐨𝐮𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐮𝐩𝐝𝐚𝐭𝐞𝐬 𝐛𝐲 𝐣𝐨𝐢𝐧𝐢𝐧𝐠 𝐭𝐡𝐞 WhatsApp Channel now! 👈📲
𝑭𝒐𝒍𝒍𝒐𝒘 𝑶𝒖𝒓 𝑺𝒐𝒄𝒊𝒂𝒍 𝑴𝒆𝒅𝒊𝒂 𝑷𝒂𝒈𝒆𝐬 👉 Facebook, LinkedIn, Twitter, Instagram
