SelfKey will now facilitate KYC validation of the identity of individuals and corporations trading on LEXIT, a Blockchain-based marketplace for corporate assets and Intellectual Property. LEXIT is a platform where entrepreneurs may trade intellectual property, copyrights and technology or sell whole startups. This includes startups that may want to exit, but also companies that seek to sell or lease work-in-progress applications or independent developers selling their code and digital assets.
SelfKey provides an identity wallet that enables users to control their identity data and documents at all times and service providers to streamline KYC processes. LEXIT will use the SelfKey KYC on-boarding software to meet KYC & AML / CTF requirements and to identify and screen both individuals and legal entities. LEXIT users will be able to prove their identity in minutes from almost any jurisdiction.
Amir Kaltak, LEXIT CEO, says the key advantage of SelfKey to its competitors is its capability to verify the identity not only of individuals, but of entire companies and corporations.
“As an M&A venue and marketplace for corporate assets, this service seems to be tailor-made for the LEXIT’s needs,” explained Kaltak. “Trust and accountability are among the most important ingredients for the success of the new e-economy in general, and for LEXIT’s M&A marketplace in particular. SelfKey, with their industry-leading approach to digital-identity services, facilitates this trust and will allow us to hit the ground running even faster.”