AxiomLevel Technologies, a provider of DApp solutions and custom blockchain development services, has launched an investor onboarding platform.
The new solution, which is aimed at accelerating the convergence of traditional financial markets digital assets, will be used for investor registration, verification and digital wallet whitelisting. AxiomLevel claims it will be one of the first to integrate regulatory compliant Know Your Customer (KYC), Anti-Money Laundering (AML) and Accredited Investor verification with a global whitelisting solution for digital wallets.
“Balancing regulatory-compliant KYC within a digital asset model is challenging, especially given the pseudo-anonymous nature of wallet addresses,” said Raleigh Harbour, co-founder of AxiomLevel. “Only by directly tying the wallet address to robust, data-driven KYC verification can you ensure that the wallet executing the transaction is actually owned by the person who initially established their identity.”
With digital assets continuing to grow in prominence, entities like the SEC, FINRA and FinCEN, want to bring pertinent regulation to the space.
With the new platform, AxiomLevel aims to enable token issuers, advisors, investors and financial institutions to manage the onboarding process and mitigate the regulatory and compliance risks of digital asset transactions.
AxiomLevel’s Investor Onboarding Platform provides a portal for investors to complete their KYC, AML and Accredited Investor verification in a unified, intuitive workflow.
The data is then tied to an investor’s digital wallet address, enabling regulatory compliance within a digital asset context according to AxoimLevel. It can be white-labeled to match the issuer’s brand, is fully encrypted, and supports investors for more than 30 countries.
“At AxiomLevel, we are building technology that allows companies to embrace regulatory trends, gain valuable insights into a global investor base, and execute their business with absolute confidence,” said Umesh Lalwani, co-founder of AxiomLevel. “By screening and verifying potential retail and institutional investors, we help to ensure that securities and digital currencies can be accessed in a highly compliant manner, thereby increasing the security, transparency and trustworthiness of transactions.”
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
