traceto.io, a subsidiary of RegTech 100 company Cynopsis Solutions, has partnered with a number of ICO incubators.
Having already joined with Hashed and Signum Capital, traceto.io has now partnered with One Block Capital, Coinstreet Partners and Synco to feed new projects Into its decentralised KYC compliance network.
It said its goal in working with these ‘prominent crypto industry backers’ will be to help a steady stream of new blockchain projects develop ‘simpler, faster and more reliable’ KYC compliance processes. The incubators are expected to will feed all of the up-and-coming ICO projects drawn from their respective cohorts onto traceto.io’s decentralised compliance platform.
“By championing industry best standards and assisting new projects to implement its processes, traceto.io will add much-needed credibility to the ICO industry” said Samson Lee, chairman, founder and CEO of Coinstreet Partners, “Our ground-breaking projects can now focus fully on bringing innovation to the world and building their businesses instead of worrying about regulatory risk.”
Based in Singapore, Cynopsis Solutions, a provider of Know-Your-Customer (KYC) services in Asia Pacific to blockchain company startups, recently launched traceto.io.
traceto.io is a decentralised Know Your Customer (KYC) network that seeks to bridge the regulatory and compliance gap between the real and virtual worlds. It is looking to develop a network based on its extensive KYC framework that will ‘satisfy real-world regulations’. It will also provide an ongoing due diligence process that is demonstrable to regulators and fuse smart contracts with A.I. to promote regulatory inclusion.
Earlier this month, the business added John Ng from Signum Capital to its advisory board team.
Last year, Cynopsis Solutions was hand-picked by a panel of industry experts for the RegTech 100, a list of companies that every financial institution should know about in 2018. The RegTech 100 is part of the Global RegTech review – an essential, in-depth analysis of the global RegTech market.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
