The launch comes as Zerohash seeks to expand its regulatory standing. In July, the Office of the Comptroller of the Currency returned the firm’s application for a national trust bank charter, a step the agency takes when it considers a filing materially deficient. The firm called the return an administrative process and refiled a narrower application on Aug. 18. The application is still pending.

The goal of this new product is to reduce the steps required to move funds, the firm said.

To make a transaction, users pick an account or wallet inside an app that offers AUTH, sign in and approve the move. The service handles routing and settlement, while each app sets which assets, accounts and transfer types it allows.

Alex LaPrade, CEO of a…