Formosa Financial is a Taiwan-based project creating a way to bridge the large gap that exists between the traditional banking and financial instruments and the cryptocurrency community. The idea is to allow the crypto users to get access with their digital assets to the heap of functionalities only offered at the moment by banks to their fiat-currency clients. The concept of the banking services that would be enabled by the API is an extremely good fit for the products that are based on the distributed ledger technology. Exactly this, API layer, is the core and heart of the Formosa Financial project. By creating API endpoints as well as providing hooks, the decentralized applications built on the Formosa blockchain network could govern, monitor and also help interface with the traditional banking services, as well as transactions that are based on the distributed ledger. Each and every single user will have their own wallets on the supported blockchains, from BTC to XRP, and be able to switch between currencies seamlessly.