Security token issuance platform Polymath has formed a partnership with Regtech Blockpass.
According to a release, Hong Kong-based Blockpass will now provide client onboarding services surrounding customer identification or KYC. Globally, having a solid KYC process is vital for any digital asset issuer.
The two companies said that this partnership “cements both companies’ ultimate goal of simplifying processes in the blockchain ecosystem, and providing easy and manageable solutions for regulated businesses.”
In addition to providing the technology to power security tokens, Polymath provides issuers access to the “Polymath Service Provider Marketplace,” where Blockpass will be listed as a provider.
Adam Vaziri, Blockpass CEO said the partnership is the latest step they have taken to streamline the painstaking and cumbersome process of onboarding investors.
“There are many synergies between Polymath’s proposition and our own, in that we are both striving to create simplified and compliant solutions.”
Kevin North, CEO of Polymath said the collaboration was exciting and represents their efforts to provide issuers with best in class KYC.
Blockpass has announced multiple partnerships announced this year, including Waves, Tokenomica, the BBFTA and Ethfinex. Blockpass IDN is a joint venture of Infinity Blockchain Labs and Chain of Things.