Asset manager Legacy Trust integrates blockchain ID solution Blockpass

Blockpass, a blockchain-based digital identity verification solution, today announced the integration of its KYC Connect solution into the Legacy Trust customer onboarding procedure.

Legacy Trust provides custody for crypto and fiat assets for individuals and institutions. Legacy works with corporate clients, pension funds and private individuals, offering a diverse range of services and products to retail businesses, ultra-high-net-worth individuals and families. By integrating the Blockpass KYC Connect solution, Legacy is furthering the benefits of its offering to clients by simplifying the painstaking customer onboarding process.

Blockpass is a digital identity application and service which brings control back to the user. Blockpass provides a streamlined and cost-effective user onboarding process for regulated industries and any kind of online service. From the Blockpass Application, users can create, store, and manage data-secure digital identities that can be used for an entire ecosystem of services or token purchases. The Blockpass KYC Connect solution is an easy-to-integrate solution that plugs into existing business platforms through the use of an API, and significantly reduces the friction of new customer onboarding, lowering costs and decreasing the drop-out rate during the onboarding process.

“We’re really looking forward to a long and mutually beneficial partnership with Legacy Trust,” said Blockpass CEO Adam Vaziri. “Together, we can aid in simplifying new customer onboarding for Legacy while growing the Blockpass consumer ecosystem, building the number of users who actively use the application and therefore strengthening the overall Blockpass proposition.”

“KYC is one of the financial sector’s most vital activities,” said Legacy Trust CEO Vincent Chok. “By integrating Blockpass, we hope to reduce friction during the client onboarding processes, achieve greater security and ultimately provide an easier and faster onboarding experience.”

Blockpass has continued to expand the number of corporate customers using their platform in recent months, announcing recently that businesses including Ethfinex, BBFTA, ethecal and Infinito have integrated the KYC Connect solution into their customer onboarding procedures.