IdentityMind, a SaaS platform for online risk management and compliance automation, has partnered with investorID, a decentralized application from Tokeny, that allows investors to generate their on-chain identity to access and trade compliant tokenized securities.
This partnership enables Security Token Offering (STO) issued using the T-REX (Token for Regulated EXchanges) Ethereum standard to have access to IdentityMind’s compliance and risk management capabilities.
With the new agreement, Tokeny’s customers have access to IdentityMind’s KYC and AML capabilities to validate investor participation and transfer this data into investorID. Investors can use this application to create their on-chain identity, keep complete control of their personal data, whilst ensuring issuers are acting in full compliance.
“This partnership reflects the growing ecosystem of investorID, a not-for-profit application we recently launched. The top providers of KYC and AML information are joining one by one to give the tokenized securities issuers the best choices available in the market. By joining the investorID ecosystem, these identity providers have the opportunity to work with issuers using the T-REX Ethereum standard.”
“Trust is critical in maintaining the momentum of digital asset transactions. Since our founding, we have helped companies identify the good guys – those they want to do business with, while avoiding the bad guys. Working together with Tokeny’s investorID standard, we bring these capabilities to investorID and with it, the required transparency, integrity, and compliance.”
investorID works as an open system that aggregates identity validation solutions and allows digital assets issuers to confidently access and trade securities in accordance with regulations. On the buy-side, investorID enables users to create their own re-usable identity to access and trade compliant digital assets.