Blockpass, Tozex Partner On Fully KYC & AML Compliant Crypto Trading

Blockchain, News | May 8, 2020 By:

Self-sovereign identity application Blockpass has announced its strategic collaboration and partnership with crypto asset platform Tozex.

Blockpass is digital identity application and service that provides a streamlined and cost-effective user on-boarding process for regulated industries and any kind of online service. Its KYC solution, called KYC Connect, uses blockchain technology and smart contracts to solve tedious KYC and AML compliance procedures. It reduces sign up friction and increases conversions. It also enables users to get approved and whitelisted once for near immediate access to multiple merchants and service providers.

Tozex is a crypto asset platform for token issuance, financing and trading that offers entrepreneurs the opportunity to tokenize their businesses and raise funds via Initial Token Offerings (ITO). Tozex integrates a “Tokenpad” module, allowing set up of token-based crowdfunding campaigns dedicated to financing SME projects with an embedded trading marketplace within a few days without any specific skills and extra costs. With the help of blockchain technology, Tozex offers a unique trustable ecosystem for entrepreneurs, investors and traders, being a gateway between the primary and the secondary markets.

The partnership aims to simplify investor identification and KYC processes in the crypto asset industry, as well as ensure full compliance with 5AMLD and GDPR.

“Tozex will enable a fully legal and regulated investment process for both companies and investors to create a sustainable ecosystem for SMEs. This collaboration with one of the most innovative companies is an important milestone in this direction,” said Remy Ozcan, CEO of Tozex. “Tozex cares much about the safety of its customers, and aims to create a congruous atmosphere for platform users. This functionality will serve for all the needs of our precious community.”

“We are very excited about our partnership with Tozex, making compliance and digital identity quick, easy but comprehensive for such a solid crypto asset platform and its thousands of users,” noted Blockpass CEO Adam Vaziri. “Blockpass is the ideal regtech platform for an increasingly remote world and regulated transaction environment, where there is a strong need to establish trust via reusable and verifiable digital identity.”