Authentix Powers Crypto Banknote with Next Generation Security

The ultra-fast trading platform Fastex recently announced the release of a series of collectible currency notes, each backed 1:1 by FTN token, the platform’s native cryptocurrency. Unveiled in early July at the Harmony Meetup 7 in Yerevan, Armenia, the annual event that unites top minds from Web3 and iGaming, these notes feature banknote-grade anti-counterfeit features provided by Authentix.

The notes include serial numbers, intaglio ink, optically variable ink, and metallic security foil along with designs based on the planets in the solar system, and are produced on polymer. They were designed and printed by Royal Joh Enschedé (the former Dutch banknote printer, which was acquired by Authentix in 2023). Each note is redeemable at any time for its full value in FTN on the Fastex exchange, with Authentix ensuring the integrity of each note as FTN’s third-party authentication provider.

According to Authentix, this collaboration marks a significant milestone in merging traditional banknote security with blockchain innovation, offering users a tangible and secure way to engage with digital assets. It also highlights the growing importance of authentication and verification in the Web3 space, with the Fastex banknote initiative setting a new benchmark for how physical and digital assets can coexist securely.