OAX Foundation and Blockpass have agreed to join forces to promote greater compliance controls in the digital asset industry.
Both companies have agreed to promote each other’s products and services with the aim of achieving improved adoption of standards in the industry, the companies said in statement.
OAX Foundation was launched in Hong Kong with the goal of developing and promoting digital asset trading for all consumers. The group is hoping to build a sustainable digital asset industry which is built of strong governance.
Blockpass is an identity verification solution developer, supporting the verification of humans, objects and devices. Users are able to create, store and manage digital identity data and use it across its business operations in a secure manner.
Adam Vaziri, CEO of Blockpass, said, “The digital asset industry needs to have a keen focus on compliance. Our partnership with OAX Foundation will help promote the high standards that are required to create the trust and security needed for digital asset trading to grow.”
Blockpass was very active last year, with it forming a partnership with GoSecurity at the close of the year. This deal will see Blockpass deploy its KYC verification solutions to GoSecurity to help provide premium, simple and compliant onboarding of its customers.
Other companies including Ethfinex, BBFTA, ethecal and Infinito have all recently integrated Blockpass’ KYC Connect Solution into their customer onboarding procedures.
Earlier this year OAX Foundation formed a strategic partnership with Trade surveillance platform Solidus Labs to bring ‘digital asset trading into the mainstream.’
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